AI Infrastructure Spending Boosts Semiconductor Stocks
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AI infrastructureThe Motley Fool
•Technology
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4 No-Brainer AI Chip Stocks to Buy Right Now

81% Informative
Spending on artificial intelligence ( AI ) infrastructure is set to see a big boost this year .
The big three cloud computing companies -- Amazon , Microsoft , and Alphabet -- budgeted a combined $255 billion in growth capital expenditures (capex) This year , Meta Platforms announced that it will spend up to $65 billion on AI infrastructure.
Nvidia isn't one of The Motley Fool's 10 best stocks for investors to buy now.
The stock is cheap, trading at a forward P/E of 22 times and a PEG of under 0.8.
Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you'd have $ 823,858 !.
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