1 AI Stock Poised to Outperform Micron and Sandisk on the Next Infrastructure Surge
TSMC is the ultimate pick-and-shovel AI stock that investors can buy to capitalize on the AI infrastructure boom.
AI infrastructure spending is on the rise, with major hyperscalers and AI companies facing a backlog of contracts. Oracle has a $664 billion backlog, while Alphabet's Google Cloud has a $514 billion backlog. Market research firm Dell Oro Group projects AI infrastructure spending to surpass $3 trillion by 2030, almost double their January forecast.
This surge in spending is beneficial for Micron Technology and Sandisk, which manufacture compute and storage memory crucial in AI data centers. These companies transport large data sets to accelerator chips, addressing a significant bottleneck.
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