NVDA - If Biden's Infrastructure Plan Passes These 3 Stocks Could Have Major Upside
The Biden administration recently unveiled an initial draft for an infrastructure spending bill valued at nearly $2.3 trillion to be spent over the next decade. Aging transportation and manufacturing sectors are in line for a boost, but as could be expected from a proposal this large, there are a lot of areas of the economy that will be affected -- including some areas not traditionally thought of as "infrastructure" but nonetheless important in today's digital economy.
Three stocks that could benefit if an infrastructure spending bill is passed later this year (likely no sooner than this summer) are NVIDIA (NASDAQ: NVDA) , Cerner (NASDAQ: CERN) , and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) . Let's find out how.
NVIDIA has been on a tear for the last couple of years. The company designs chips that enable advanced video game graphics and computing accelerators in data centers (for applications like AI). These are all long-term secular growth trends working in NVIDIA's favor, but a modern infrastructure development plan could make the winds filling the company's sails blow even stronger.
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If Biden's Infrastructure Plan Passes, These 3 Stocks Could Have Major Upside