AI Spending Could Soar 500%: 3 Brilliant AI Stocks to Buy (Hint: Not Nvidia)

Core Insights - Nvidia predicts a fivefold increase in AI infrastructure spending over the next several years, indicating significant growth potential in the AI sector [1] Company Summaries - Broadcom: - Broadcom is becoming a key player in AI, with hyperscalers seeking alternatives to Nvidia for cost reduction and supply chain diversification [3] - The company has secured design wins with major clients like Alphabet, Meta Platforms, and ByteDance, representing a potential $60 billion to $90 billion opportunity by fiscal 2027 [4] - A recent $10 billion order from a fourth customer, believed to be OpenAI, highlights Broadcom's rapid development capabilities and the potential for significant growth, especially with OpenAI and Oracle's $300 billion data center investment over the next five years [5] - AMD: - AMD is positioned to benefit from the AI market, particularly in inference, as building custom AI chips is costly and time-consuming [6] - The latest version of AMD's software platform, ROCm 7, is designed for inference and is gaining traction among major AI operators, with seven of the top ten AI players utilizing its hardware [7]