5 Stocks Poised to Win Big as SpaceX Ramps Up AI Infrastructure
A few stocks will likely see big revenue boosts from SpaceX's spending.
Five key technology stocks stand to gain immensely as SpaceX escalates its artificial intelligence (AI) infrastructure initiatives. Nvidia, SK Hynix, Vertiv, Amphenol, and Taiwan Semiconductor Manufacturing Company (TSM) are among the primary beneficiaries of this surge in demand.
Nvidia is positioned to be the primary beneficiary of SpaceX's AI infrastructure expansion. The company will supply all chips and networking components for SpaceX's data centers, utilizing its cutting-edge Vera Rubin architecture. If the partnership yields a $400 billion-plus revenue boost and Nvidia doesn't divest capacity to other clients, it would represent a substantial one-year order from SpaceX.
Nvidia's advanced GPUs rely on high-bandwidth memory (HBM), which is currently scarce due to limited supply and the high cost of extreme ultraviolet (EUV) lithography machines. As a result, SK Hynix, the memory leader with over 50% market share, is likely to gain the most from SpaceX's increased AI infrastructure spending, given its close relationship with Nvidia and its substantial $500 billion supply agreement.
Vertiv, specializing in data center cooling and power management infrastructure, stands to benefit as SpaceX grapples with power delivery and heat removal challenges in its AI data centers. Although it's uncertain if Vertiv will directly supply SpaceX, the company should still profit from the broader industry demand surge. Amphenol, supplying power distribution hardware and interconnects for data centers, is a key vendor to Nvidia's Vera Rubin NVL72 system.
The stock has garnered attention from Evercore ISI, with analyst Amit Daryanani highlighting its potential as a key winner from SpaceX's AI computing capacity expansion. Lastly, Taiwan Semiconductor Manufacturing Company (TSM) will also benefit from SpaceX's AI infrastructure investments, as TSM is the dominant manufacturer of advanced logic chips, including Nvidia's GPUs and CPUs.
While SpaceX's planned Terafab facility could potentially impact this equation, the short-term impact of SpaceX's spending is expected to favor TSM in 2027, with the long-term implications still uncertain.
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