Analysts highlight Nvidia, Broadcom, and Micron as key beneficiaries of projected $3 trillion to $4 trillion annual data center spending by 2030.
Nvidia, Broadcom, and Micron remain top picks in the AI sector despite a recent rally, driven by surging demand for data center infrastructure. Nvidia’s revenue is projected to grow 73% this fiscal year, underpinned by its dominance in AI computing and GPU technology.
Global data center capital expenditures are expected to rise from $600 billion in 2025 to $3 trillion to $4 trillion annually by 2030. This growth trajectory positions Nvidia, Broadcom, and Micron as long-term beneficiaries of the AI-driven spending spree.
The stocks are viewed as undervalued relative to their growth potential, with Nvidia’s market leadership and Broadcom’s rising competitiveness in AI hardware reinforcing their bullish outlook.