According to Morgan Stanley, a group of four tech giants (Microsoft, Amazon, Alphabet, and Meta Platforms) could spend a combined $300 billion building data center infrastructure for artificial intelligence (AI) development during 2025.
Nvidia (NVDA) owns a dominant share of the market for AI data center chips, so it could be one of the biggest beneficiaries of that spending. But it won’t be the only winner — Advanced Micro Devices (AMD) has an impressive lineup of AI hardware products rolling out this year, and Micron Technology (MU) is one of Nvidia’s key component suppliers.
Here’s why investors could do well by adding all three stocks to their portfolio.
This post originally appeared at The Motley Fool.