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.
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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 (NASDAQ:NVDA) 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 (NASDAQ:NVDA) 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 (NYSE:TSM) 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 (NYSE:TSM) 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. (NASDAQ:AVGO) 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. (NASDAQ:AVGO) 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. (NASDAQ:ASML) 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. (NASDAQ:ASML) 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. (NASDAQ:AMD) 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. (NASDAQ:AMD) develops CPUs, GPUs, adaptive computing products, AI accelerators, embedded processors, and related software for data centers, PCs, gaming, industrial, automotive, and communications markets.
While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some other AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about the cheapest AI stock.
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