TECH - AI Boom Spurs Search For New Winners Beyond Nvidia: Bloomberg | Benzinga
Investors are broadening their horizons, seeking the next wave of AI winners beyond the typical frontrunners after Nvidia Corp. (NASDAQ:NVDA) reported stellar results, reflecting Wall Street’s intense focus on artificial intelligence.
There is an increasing realization that the growth of AI infrastructure will impact more than just chipmakers like Nvidia and server manufacturers such as Super Micro Computers Inc. (NASDAQ:SMCI).
Various sectors are expected to benefit, including makers of electrical components like Amphenol Corp. (NYSE:APH), as well as real estate investment trusts focused on data centers, which anticipate rising demand with the expansion of AI and the shift of more workloads to the cloud, Bloomberg writes.
The energy needed to power AI is also expected to benefit utilities and companies connected to the power grid.
“I never believed it would impact electricity prices this much, but people are discussing multi-gigawatt expansions,” Brian Frank, president of Frank Capital Partners, told Bloomberg.
He noted AI’s significant influence on his ...