The AI boom is increasingly becoming an infrastructure story rather than just a software story. Large technology companies are still racing to build the computing backbone needed for training, inference, cloud AI services, and enterprise deployment. Reuters reported on April 29 that Microsoft, Alphabet, Amazon, and Meta are expected to spend more than $600 billion this year on data centers and other AI-related infrastructure, showing how much of the current cycle is flowing into the physical layer behind AI.
That spending is spreading across several parts of the supply chain. Chip designers, foundries, semiconductor equipment makers, memory suppliers, networking companies, server vendors, and power and cooling providers are all becoming part of the AI buildout. The energy side is also becoming harder to ignore. The International Energy Agency expects global data center electricity consumption to roughly double to around 945 TWh by 2030, with demand growing much faster than total electricity use.
For investors, this makes AI enablers a broader category than the most visible chip names. The companies best positioned are those supplying the compute, connectivity, manufacturing capacity, memory, power equipment, and thermal management needed to keep AI infrastructure expanding. This article looks at the best AI enabler stocks to buy now.
Methodology
For this article, we sourced an initial pool of AI enabler stocks from financial media coverage and then narrowed the list using our own filters. We focused on companies that supply the physical and technical backbone of AI infrastructure, including semiconductors, foundry capacity, networking, memory, power systems, cooling, and data center equipment.
We then prioritized stocks with direct exposure to AI infrastructure spending, strong relevance to the current buildout cycle, and recent company-specific developments that supported their inclusion.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the best AI enabler stocks to buy now.
On May 6, NVIDIA Corporation and Corning announced a multiyear commercial and technology partnership to expand U.S.-based manufacturing of optical connectivity products used in next-generation AI infrastructure. Under the agreement, Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand U.S. fiber production capacity by more than 50%. The plan includes three new advanced manufacturing facilities in North Carolina and Texas, and more than 3,000 new jobs.
The deal strengthens NVIDIA’s position beyond GPUs by addressing one of the less visible bottlenecks in AI data centers: moving large volumes of data between processors quickly and efficiently. Reuters reported on May 7 that NVIDIA also made a multibillion-dollar prepayment to Corning, separate from a previously disclosed equity investment of up to $3.2 billion, to support the factory expansion.
NVIDIA Corporation develops graphics processors, accelerated computing platforms, AI infrastructure, networking products, software, and related technologies for data centers, gaming, professional visualization, automotive, robotics, and other markets.
9. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the best AI enabler stocks to buy now.
Taiwan Semiconductor Manufacturing Company Limited sits close to the center of the AI supply chain because the industry’s largest chip designers still need advanced manufacturing capacity before AI demand can become shipped silicon. That showed up clearly in the company’s April 16 first-quarter report, where revenue rose 40.6% year over year in U.S. dollar terms to $35.90 billion (NT$1.13 trillion), while net income increased 58.3% to NT$572.48 billion. Gross margin reached 66.2%, showing that the current cycle is not just adding volume, but supporting strong pricing and utilization.
The mix was the stronger signal. TSMC said 3nm chips accounted for 25% of wafer revenue, while 5nm and 7nm represented another 49%, bringing advanced technologies to 74% of wafer revenue. That matters for an AI-enabler list because cutting-edge AI processors depend on exactly these nodes. Reuters reported the same day that CEO C.C. Wei said AI-related demand remained “extremely robust,” while TSMC lifted its full-year revenue outlook and planned capital spending toward the high end of its $52 billion to $56 billion range.
The result is a simple but powerful investment angle: AI spending may shift between chip designers, cloud platforms, and model developers, but the need for scarce leading-edge wafer capacity keeps flowing through TSMC.
Taiwan Semiconductor Manufacturing Company Limited is a dedicated semiconductor foundry that manufactures advanced chips for customers across AI, high-performance computing, smartphones, automotive, IoT, and other end markets.
8. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ:AVGO) is one of the best AI enabler stocks to buy now.
The latest AI infrastructure angle came on May 11, when SDxCentral reported that Blackstone and Apollo Global Management were in talks with Broadcom Inc. over a financing deal of about $35 billion to support the company’s AI chipmaking buildout. The report, citing Bloomberg, said the transaction could become one of the largest private credit deals ever, underscoring how capital-intensive the custom AI silicon race has become.
The financing talks fit a broader shift in Broadcom’s role in the AI supply chain. SDxCentral noted that Broadcom had recently secured sizable custom silicon deals with Meta and Google, while OpenAI has also been working with the company on custom accelerators after a deal signed last October. The report also said Anthropic was revealed as the mystery customer behind a $10 billion custom-chip deal, with the Google arrangement involving Anthropic tapping TPU capacity built by Broadcom and Google.
That makes Broadcom a strong AI enabler because it sits at the layer where major AI companies and hyperscalers are trying to secure custom compute capacity rather than just buy general-purpose accelerators off the shelf.
Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions, including custom AI accelerators, networking chips, broadband products, storage connectivity, wireless components, cybersecurity software, and private cloud infrastructure software.
7. ASML Holding N.V. (NASDAQ:ASML)
ASML Holding N.V. (NASDAQ:ASML) is one of the best AI enabler stocks to buy now.
ASML Holding N.V. is one of the cleaner “picks and shovels” names in AI because its machines sit upstream of the most advanced chips used in AI accelerators, high-bandwidth memory, and leading-edge processors. The latest signal came on April 15, when ASML raised its 2026 net sales outlook to €36 billion to €40 billion, compared with its prior forecast of €34 billion to €39 billion, after customers increased demand for its chipmaking tools. Reuters said the stronger outlook was tied to AI-driven semiconductor demand and the data-center buildout.
The company’s own commentary made the AI-enabler angle clearer. CEO Christophe Fouquet said semiconductor growth was being supported by ongoing AI infrastructure investments, with chip demand outpacing supply and customers accelerating capacity expansion plans for 2026 and beyond. ASML also said first-quarter net sales were €8.8 billion, with a gross margin of 53.0% and net income of €2.8 billion.
The strategic point is simple: AI chip designers can win orders, but those orders still have to pass through advanced fabs. ASML’s EUV systems are used for high-volume manufacturing at advanced nodes such as 7nm, 5nm, and 3nm, while its High NA EUV platform is intended to support future 2nm and sub-2nm logic production.
ASML Holding N.V. develops and manufactures lithography, metrology, and inspection systems used by semiconductor manufacturers to produce advanced chips.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best AI enabler stocks to buy now.
The latest AI infrastructure angle came on May 8, when Dell Technologies and Advanced Micro Devices, Inc. expanded their on-premises AI platform with support for AMD Instinct MI350P PCIe GPUs in Dell PowerEdge servers. The update matters because AMD is not only trying to compete in giant hyperscale AI clusters but also in enterprise data centers where customers want to add AI capacity without rebuilding their infrastructure from scratch. AMD said the MI350P cards are designed to help enterprises run more models, serve more users, and reduce memory, power, and cooling demands inside existing data centers.
That makes AMD a useful AI enabler beyond the simple “NVIDIA alternative” label. Its pitch combines Instinct GPUs, EPYC server CPUs, and an open ecosystem approach for companies trying to deploy AI across cloud, on-premises, and hybrid environments. The business momentum also supports the angle. On May 5, AMD reported first-quarter 2026 data center revenue of $5.8 billion, up 57% year over year, driven by strong EPYC processor demand and the continued ramp of Instinct GPU shipments. Reuters also reported that AMD forecast second-quarter revenue above Wall Street expectations as AI chip demand remained strong.
Advanced Micro Devices, Inc. develops CPUs, GPUs, adaptive computing products, AI accelerators, embedded processors, and related software for data centers, PCs, gaming, industrial, automotive, and communications markets.
5. Arista Networks, Inc. (NYSE:ANET)
Arista Networks, Inc. (NYSE:ANET) is one of the best AI enabler stocks to buy now.
Arista Networks, Inc. fits the AI-enabler theme because large AI clusters need more than accelerators. They also need high-speed, low-latency networks that can move data across thousands of GPUs without turning the data center into a very expensive traffic jam. The latest company update came on May 5, when Arista said it had introduced AI-focused networking technologies, including its XPO high-density liquid-cooled pluggable optics and its universal AI spine powered by the 7800 platform. Arista said XPO is designed to reduce networking racks by up to 75% and save up to 44% of floor space compared with traditional pluggable optics.
The deeper AI angle came from Arista’s March 12 XPO announcement. The company said the 12.8 Tbps liquid-cooled optics module supports 204.8 Tbps per open compute rack unit, a 4x improvement compared with 1600G-OSFP optics, and was built for AI scale-up, scale-out, scale-across, and metro-reach fabrics. Microsoft also backed the specification as a way to support a broader optical ecosystem for AI data centers.
Arista’s first-quarter numbers show that demand is already feeding into the business, with revenue rising 35.1% year over year to $2.71 billion.
Arista Networks, Inc. provides cloud networking, data center switching, routing, campus networking, AI networking, automation, analytics, and security software for large data center, cloud, enterprise, and AI infrastructure environments.
4. Vertiv Holdings Co (NYSE:VRT)
Vertiv Holdings Co (NYSE:VRT) is one of the best AI enabler stocks to buy now.
The latest AI infrastructure angle came on May 6, when Reuters reported that Hut 8 signed a 15-year, $9.8 billion lease for its Beacon Point data center campus in Texas, with the first phase covering 352 megawatts of IT capacity. The facility is expected to support large-scale AI training and operations, and Reuters said the project is being designed around NVIDIA’s latest data center systems. Vertiv Holdings Co was named among the project partners, alongside American Electric Power and Jacobs, which places the company directly inside a large AI data center buildout rather than just near the theme.
The story also fits Vertiv’s recent push deeper into liquid cooling. On April 27, Vertiv acquired Strategic Thermal Labs, a specialist in advanced liquid-cooling technologies. Vertiv said the deal strengthens its thermal-chain strategy by adding cold-plate design, server-side liquid cooling, and high-density thermal validation expertise for AI and high-performance computing environments.
That makes Vertiv a strong AI enabler because the AI buildout increasingly depends on power, cooling, racks, and deployment infrastructure, not just chips.
Vertiv Holdings Co provides critical digital infrastructure, including power management, thermal management, liquid cooling, racks, integrated modular systems, monitoring software, and services for data centers, communication networks, and commercial and industrial facilities.
3. Eaton Corporation plc (NYSE:ETN)
Eaton Corporation plc (NYSE:ETN) is one of the best AI enabler stocks to buy now.
The latest AI infrastructure signal came on May 5, when Eaton Corporation plc (NYSE:ETN) said Electrical Americas data center orders rose approximately 240% in the first quarter, while data center revenue increased approximately 50% from the prior-year period. The same update said Electrical Americas’ backlog grew 44% year over year, showing how demand for power systems is building alongside the AI data center cycle.
Eaton’s role is becoming more specific than general electrification. The company said it closed the Boyd Thermal acquisition and debuted its Eaton Beam Rubin DSX platform in collaboration with NVIDIA, describing it as a “grid-to-chip” power and cooling blueprint for AI factories. The platform is built around faster deployment amid power constraints, modular power and cooling, and scalable growth from megawatt-level deployments to more than 100 MW.
The manufacturing side also supports the story. On April 8, Eaton announced an investment of more than $30 million to open a 370,000-square-foot switchgear facility near Omaha, Nebraska, aimed at rising demand from AI data centers and nearly 3,000 planned or under-construction U.S. data centers.
Eaton Corporation plc (NYSE:ETN) provides intelligent power management products and services, including electrical systems, switchgear, power distribution, backup power, aerospace components, vehicle systems, and related infrastructure solutions.
2. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) is one of the best AI enabler stocks to buy now.
The latest AI infrastructure angle came on May 5, when Micron Technology, Inc. said it had started shipping its 245TB Micron 6600 ION SSD, which the company described as the world’s highest-capacity commercially available SSD. The drive is built for AI, cloud, enterprise, and hyperscale workloads, including next-generation AI data lakes and cloud-scale file and object storage. Micron said the 245TB 6600 ION E3.L requires 82% fewer racks than HDD-based deployments to achieve equivalent raw storage capacity, helping data centers store and process more data while reducing power and cooling demands.
The AI-enabler angle is that AI infrastructure doesn’t only need GPUs and HBM. It also needs dense, efficient storage for the enormous datasets used in training, inference pipelines, analytics, and object storage. Micron said its lab testing showed the 245TB 6600 ION delivered up to 84x better energy efficiency for AI workloads, 8.6x faster AI preprocessing, 3.4x better ingest throughput, and up to 29x lower latency versus HDD-based systems.
That gives Micron a broader role in the AI supply chain: memory and storage products that help data centers feed, move, and retain the data behind AI workloads.
Micron Technology, Inc. develops memory and storage products, including DRAM, NAND, NOR, high-bandwidth memory, SSDs, and related solutions for data centers, AI infrastructure, mobile devices, PCs, automotive, industrial, and networking markets.
1. Marvell Technology, Inc. (NASDAQ:MRVL)
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best AI enabler stocks to buy now.
The stronger AI infrastructure angle came on April 22, when Marvell Technology, Inc. acquired Polariton Technologies, a developer of high-speed, low-power plasmonics-based silicon photonics devices. Marvell said the deal adds advanced modulation technology for next-generation coherent and optical interconnect platforms, as AI workloads drive rising bandwidth demand and data centers move from 1.6T connectivity toward 3.2T and beyond. The acquisition strengthens Marvell’s portfolio across electro-optics, photonics, switching, and custom silicon.
That deal is more meaningful when viewed alongside Marvell’s broader push into custom AI infrastructure. On March 31, NVIDIA and Marvell announced a strategic partnership to connect Marvell to the NVIDIA AI factory and AI-RAN ecosystem through NVLink Fusion. NVIDIA also invested $2 billion in Marvell. Under the partnership, Marvell will provide custom XPUs and NVLink Fusion-compatible scale-up networking, while the two companies will also collaborate on silicon photonics technology.
That makes Marvell a relevant AI enabler because its opportunity sits where custom AI chips, optical interconnects, and high-speed networking begin to merge.
Marvell Technology, Inc. develops semiconductor solutions for data infrastructure, including custom silicon, optical connectivity, data center switching, storage, security, Ethernet, and cloud networking products.
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