Core Viewpoint - The article highlights two "pick-and-shovel" AI stocks, Nvidia and Iren Limited, as attractive investment opportunities amid a massive investment cycle in artificial intelligence, with projected spending on AI infrastructure exceeding $3 trillion in the next three years [1]. Group 1: Nvidia - Nvidia has a dominant position in the GPU market, controlling up to 90% of it, which is crucial for advanced AI training and inferencing workloads [3][4]. - Despite a significant stock increase of 31,000% over the last decade, Nvidia remains a valuable investment as demand for GPUs continues to grow, with OpenAI projecting the need for 100 million GPUs in the future [4][5]. - Nvidia's data center business is experiencing rapid growth, with sales to data centers accounting for 88% of its revenue last quarter and growing 56% year over year [6]. - The company is expected to grow earnings at an annualized rate of 36% in the coming years, with its stock currently trading at 28 times next year's earnings estimate, which is considered a bargain [7]. Group 2: Iren Limited - Iren Limited is transitioning from Bitcoin mining to building high-performance data centers for AI, presenting significant long-term investment potential [9][10]. - The company's revenue more than doubled to $501 million last year, with adjusted EBITDA growing 395% to $270 million, and projections suggest adjusted EBITDA could reach $1.2 billion in the next three years [10]. - Iren has secured 2.9 gigawatts of contracted power for its data centers and has increased its power capacity by approximately 100-fold over the last four years, addressing the anticipated power shortages in the AI market [11][12]. - The stock has surged 240% year to date, indicating strong investor interest and the potential for substantial growth as demand for AI infrastructure increases [13].

Group 1 - Nvidia and Hede Innovation held an online seminar focusing on humanoid robots and their integrated hardware and software solutions [1] - The upcoming flagship platform, Jetson Thor, is set to launch in August, emphasizing edge AI computing for humanoid robots [1] - Nvidia's three computing platforms—DGX, Jetson, and Omniverse—provide a comprehensive solution for training, simulation optimization, and deployment of embodied robots [1] Group 2 - Humanoid robots are seen as a key hardware node for breakthroughs in embodied artificial intelligence, with global spending in the robotics sector projected to approach $370 billion by 2028, growing at a CAGR of 13.2% [2] - Hede Innovation is a core supplier in the AI computing supply chain, representing major brands like Nvidia, Intel, and Microsoft, and is focusing on the Jetson series for edge AI applications [2] - The performance of Hede Innovation is expected to benefit from the leadership of Nvidia Jetson products in the edge AI field, reinforcing its core position in the AI computing supply chain [3]