AI Spending Could Reach $4 Trillion by 2030. Here Are 3 Must-Own Stocks if It Does.
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During Nvidia's (NASDAQ: NVDA) Q2 conference call, it made a jaw-dropping market projection: Management believes global data center capital expenditures will reach $3 trillion to $4 trillion by 2030. That's a ton of money being spent on AI infrastructure, and if it's right, investors should be racing into AI stocks to capitalize on this spending.However, I'm not referring to companies that are spending the money on AI infrastructure; I'm investing in the companies that are providing the infrastructure. I think Nvidia, Taiwan Semiconductor (NYSE: TSM), and Broadcom (NASDAQ: AVGO) are among the best buys in the market right now, and if this projection is correct, they will make investors a ton of money over the next five years.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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