2 ‘Pick and Shovel’ Stocks to Buy as the AI Boom Keeps Raging On

Group 1 - The AI boom has significantly benefited semiconductor and software companies, but other essential industries are also crucial for AI development [1][2] - Memory chips, cooling systems, and wafer tools are becoming bottlenecks that will determine the growth rate of the AI industry [2] - DRAM and NAND flash are identified as key bottlenecks, with expectations of undersupply through at least 2026 due to production discipline and increasing data-center demand [3] Group 2 - Micron Technology (MU) is positioned to benefit from the shift in AI companies from training to inferencing, requiring massive amounts of data [5][6] - Micron is the only major domestic producer of DRAM and NAND flash, with a significant market share, benefiting from tariffs on foreign competition [6] - MU stock has surged by 18.8% in the past five days, with Q3 FY 2025 revenue growing 15% sequentially and 37% year-over-year to $9.3 billion, primarily driven by DRAM and NAND flash sales [7]