Core Insights - The AI boom is driving significant investments, with McKinsey estimating data center spending for AI workloads to reach $5.2 trillion by 2030 [1][2] Company Summaries Oracle - Oracle is positioned to benefit from the increasing demand for cloud services that incorporate AI, leveraging its leadership in database management services [4] - In the past year, Oracle generated $12 billion in net profit on $59 billion in revenue, with consistent but low single-digit revenue growth over the last decade [5] - The company's remaining performance obligations surged 359% year over year to $455 billion, indicating strong future demand [6] - Oracle's multicloud database revenue grew 1,529% last quarter, with expectations to exceed $500 billion in remaining performance obligations soon [7] - The stock has nearly doubled year to date, suggesting continued upside potential for long-term investors [8] Broadcom - Broadcom is a leading semiconductor company essential for high-performance computing in data centers, which are critical for cloud computing [9] - With a market cap of $1.7 trillion, Broadcom has consistently reported double-digit revenue and earnings growth, reflecting a strong competitive position [10] - Revenue from AI products grew 63% year over year last quarter, constituting 33% of total revenue, with expectations for a 66% increase in the next quarter [11] - The company's backlog of orders reached a record $110 billion, indicating robust demand for its networking and semiconductor products [12] - The stock is up 56% year to date, with expectations for continued growth driven by increasing spending on AI data centers [13]