Beyond Nvidia: Where are the true opportunities in the age of AI? #aistockswhatnext
The relentless rally in technology and artificial intelligence stocks continues to dominate global markets. With Nvidia projecting that chip sales will double next year and Big Tech reporting record revenues, the big question is not only whether AI demand is real, but whether the massive spend on computing capacity will be able to keep up its pace without slowing down.
My current stance is bullish in the medium and long term. We are not dealing with an empty speculative bubble or a short-term rebound, but with a structural break in global productivity and technological infrastructure.
The strategic interest of governments—reflected in initiatives to build defense capabilities and state infrastructure in AI ("AI Force") and integrate it at scale into the GDP—confirms that institutional support will provide a solid floor for the valuation of the sector’s main players.
However, as chip designers’ valuations tighten, the real prevailing value for investors is not only in the most popular AI stocks, but in the supply-chain bottlenecks:
Energy infrastructure and utilities: The amount of energy required by next-generation data centers has no precedent. Energy-focused companies, energy storage, and grid modernization are direct beneficiaries of this tech fever.
Liquid cooling solutions and connectivity hardware: The performance of supercomputers depends on key components such as advanced cooling for servers and high-speed optical networking equipment.
partly made with AI