Chipmakers and Tech Stocks Positioned to Benefit from AI Infrastructure Spending
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Chipmakers like Nvidia and AMD are benefiting from AI infrastructure spending. JPMorgan highlighted some alternative AI stocks.
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Contract manufacturers Flex and Jabil benefit from assembling data center gear for cloud providers.
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Optical networking company Lumentum gains from sales of high-speed transceiver products to cloud giants.
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AI-related products make up about 10% of sales at Flex and Jabil.
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JPMorgan's top AI stock picks are Arista Networks, Coherent, Dell, and Super Micro Computer.