Investors·2025-10-30 19:08Core Insights - Increased capital expenditures (capex) by tech giants like Alphabet, Meta, and Microsoft are expected to benefit a wide range of companies in the data center supply chain, not just AI chipmakers [2][4] - Analysts highlight that the rising capex will positively impact various tech hardware companies, indicating a broader trend in the industry [5][7] Group 1: Beneficiaries of AI Capex - Analysts have identified several companies that will benefit from the increased AI-related capex, including Arista Networks, Broadcom, Celestica, Ciena, and others involved in networking and storage [3][8] - The capex investment is seen as a significant opportunity for hyperscalers, who are investing in large-scale AI factories, which will also boost sales for networking and storage gear manufacturers [4][6] Group 2: Analyst Perspectives - BNP Paribas analyst Karl Ackerman emphasizes that the unprecedented capex investment will lift the entire data center supply chain, benefiting not only chipmakers but also companies producing related hardware [2][4] - Evercore ISI analyst Amit Daryanani and JPMorgan analysts have also noted positive implications for multiple tech hardware companies, including Amphenol, Dell Technologies, and Vertiv, due to heightened AI capex [5][7] Group 3: Price Target Adjustments - Analysts from Evercore have raised price targets on several AI-related chip stocks, including AMD and Nvidia, reflecting optimism about the future performance of these companies in light of increased capex [6]