1 Incredible Artificial Intelligence (AI) Chip Stock to Buy Before It Soars 85% (Hint: Not Nvidia), According to a Select Wall Street Analyst

Big tech companies are spending hundreds of billions of dollars on chips and equipment to outfit their growing data centers to continue pushing the potential of generative AI. Total infrastructure spending from the top 10 AI tech companies could climb from $435 billion last year to over $1 trillion by 2028, according to estimates from Dell'Oro. In other words, there's still a lot of room for AI chip stocks to keep growing.Perhaps the most important component of any data center focused on AI training and inference is the GPU cluster. Bigger clusters of more powerful GPUs are capable of training bigger models faster. Nvidia has established itself as the leading GPU maker, and its revenue and profits have skyrocketed as hyperscalers snatch up its chips as fast as it can produce them.But GPU makers aren't the only chipmakers benefiting from the rapid growth in AI spending. There are a lot of different components that go into data centers. As demand continues to grow over the next few years, one chipmaker's stock could climb up to 85% from its price as of this writing through the next 12 months, according to one Wall Street analyst.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool