Prediction: A $10,000 Investment in This Artificial Intelligence (AI) Hardware Stock Will At Least Double by 2030 (Hint: It’s Not Nvidia or Micron)
Jabil gives investors an opportunity to capitalize on the fast-growing demand for AI server solutions, and it is a no-brainer buy right now.
Nvidia and Micron Technology have yielded substantial gains for investors over the past five years, with their AI hardware stocks set to continue surging by 2030. While these giants have performed well, Jabil (JBL -2.30%) presents an intriguing opportunity for even more significant returns. As a contract electronics manufacturer, Jabil designs and produces components and hardware for various industries, with a strong focus on AI.
The company's revenue grew by 21% in fiscal 2026, with AI revenue reaching $14.4 billion, up from $5.4 billion in fiscal 2025. Jabil expects its AI revenue to double to $22.1 billion in fiscal 2027, and its non-GAAP earnings per share to reach $17.55, up from $13.09 in fiscal 2026. With Gartner projecting the AI infrastructure market to grow to $1.98 trillion in 2027, Jabil's offerings are poised to benefit from this expansion.
Analysts have raised their growth expectations for Jabil, with EPS growth rates expected to double-digit ranges over the next three years. If Jabil's stock trades at a 22x forward earnings multiple, a $10,000 investment could be worth over $22,750 by 2030, potentially exceeding even Nvidia and Micron's gains.
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