AI Boom Fuels Soaring Growth for Tech Hardware Suppliers
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Dell Technologies and Super Micro Computer manufacture AI-optimized servers to meet booming demand. Their stocks are up 184% and 847% in the past year.
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Micron Technology's memory chips help power AI systems. Its revenue is up 58% thanks to strong demand.
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Broadcom makes custom AI chips for major customers. Its AI revenue will top $10 billion this year.
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Jabil handles manufacturing and assembly for AI products. Its AI orders and revenue are surging.
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These hardware suppliers are benefiting from the AI boom. Their stocks have crushed the market recently but still have room to run.