AI Spending Could Soar to $4 Trillion: 2 No-Brainer Stocks to Buy Now (Hint: Neither Is Nvidia)

Jensen Huang, the chief executive officer of Nvidia, recently made a prediction. He said that he expects artificial intelligence (AI) infrastructure spending to soar to as much as $4 trillion by the end of the decade. As leader of the world's No. 1 chip designer and someone who maintains close communication with customers, Huang has a clear idea of what's to come in this high-growth market. So, when he speaks, investors sit up and take notice.Trends we've seen in recent times support Huang's prediction. Companies from Meta Platforms to Alphabet have increased capital spending plans to boost this AI buildout. And chip designers as well as cloud service providers have reported increasing demand and revenue quarter after quarter.Though prices of these stocks have climbed, the good news is that it's not too late to add to your positions in certain players or open a new position. This infrastructure buildout suggests the momentum will keep going. Now, let's check out two no-brainer stocks to buy right now, and I may surprise you when I say I won't be talking about Nvidia. Though Nvidia is a clear AI star, the following two companies may be among the biggest winners as the general need for AI capacity soars.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool