Not Just Nvidia: Who Will Be the Key Beneficiaries of the Next AI Wave?

Moomoo News Global wrote a column · Mar 7 20:38

Since ChatGPT's debut at the end of 2022, semiconductor companies have been among the early beneficiaries of the current AI wave, with their stock prices soaring for 17 months. As of the latest update, the $PHLX Semiconductor Index(.SOX.US)$ has risen by over 130% from its low point in October 2022, while $NVIDIA(NVDA.US)$, known as the face of AI, has seen its stock price increase by thirteenfold. Against this backdrop, some analysts and investors are looking beyond Nvidia and AI chips to find the key beneficiaries of the next AI wave.

Based on Morgan Stanley's research this month, "infrastructure poised for next wave of valuation appreciation". The Wall Street brokerage further explains that significant investment opportunities will emerge in the data center infrastructure sector for the foreseeable future, as GPUs are encompassed by a vast array of data center infrastructure ranging from real estate to servers, networking, power, cooling, and data storage.