In this piece, we discuss the 8 Best AI Infrastructure Stocks to Invest In.
As of March 26, 2026, the debate around artificial intelligence infrastructure has moved from whether there will be sufficient need to invest in the space to whether there will be sufficient physical capacity to meet the need in a timely manner.
Amazon, Microsoft, Alphabet, and Meta alone are projected to invest more than $630 billion in data centers and AI chips in 2026, according to a March 26, 2026, Reuters Breakingviews report. The total capital outlay for the top 11 cloud and infrastructure companies may increase this total to as much as $811 billion. The issue, however, appears to be the availability of electricity, permissions, transformers, cooling, and labor, which are areas of major concern that are causing delays in several projects.
Meanwhile, on March 11, 2026, Forbes published a report that described the same buildout as a widespread digital infrastructure boom.
As pointed out in the analysis by the Associated Builders and Contractors, data center and manufacturing projects made up 94% of the total increase in non-residential construction spending in the United States from December 2023 to December 2024. Moreover, McKinsey highlights that around 70% of total demand for data center capacity could be for AI-ready data centers by 2030. This is an indication that AI and high-performance computing remain significant economic drivers.
Overall, both studies point out that there is substantial potential in the AI space despite ongoing execution risks surrounding energy availability, supply chains, and increasing construction costs.
With this, let’s move to our list of the 8 best AI infrastructure stocks to invest in.
Photo by NeONBRAND on Unsplash
Methodology
To curate our list of the best AI infrastructure stocks to invest in, we used a screener to identify AI infrastructure stocks with significant analyst coverage. Next, we filtered out stocks having upside potential of over 20%. Finally, we ranked the stocks based on the number of hedge funds bullish on each stock as of Q4 2025. Our list is presented in ascending order based on the number of hedge funds holding stakes.
Note: All data was sourced on March 30, 2026.
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).
8. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Advanced Micro Devices, Inc. (NASDAQ:AMD) earns a spot on our list of the 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, 80% of covering analysts remain positive toward Advanced Micro Devices, Inc., with a consensus price target of $300.00, suggesting a 48.52% upside.
On March 26, 2026, Cathie Wood’s $7.8 million sale of 38,245 AMD shares was reported by Tipranks. The disposal was followed by the stock’s 7.5% decline. The development comes as concerns regarding the credibility of the company’s demand narrative persist.
On March 24, 2026, Stacy Rasgon of Bernstein cautioned investors, advising them to wait to see whether demand for Advanced Micro Devices, Inc. is driven by true product pull rather than supply constraints elsewhere. On March 5, 2026, he adopted a similar view, citing competitive pressure as Arm transitioned to agentic AI chips. The firm assigned a “Hold” rating and $235 price target on the stock.
However, on March 15, 2026, RBC Capital maintained a “Sector Perform” rating and a $230 price target on Advanced Micro Devices, Inc., citing management’s belief that OpenAI and Meta volume ramps should increase in H2 2026 and that MI450/Helios is still on track.
Advanced Micro Devices, Inc. is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
7. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) earns a spot on our list of 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, 94% of the covering analysts maintain bullish ratings on Micron Technology, Inc., indicating that analyst sentiment remains robust. A 53.97% upside is implied by the consensus price target of $550.00.
In the AI era, memory is evolving into a strategic asset for the company, according to CEO Sanjay Mehrotra.
On March 18, 2026, Micron Technology, Inc. announced a record fiscal second-quarter. The results emphasized the growing influence of demand for artificial intelligence on memory markets. Despite limited supplies, revenue increased to $23.86 billion from $8.05 billion in the previous year, and GAAP net income reached $13.79 billion. Additionally, operating cash flow increased to $11.90 billion, demonstrating strong execution.
Cantor Fitzgerald raised the stock’s price target, citing the company’s guided earnings per share of $19.15 for fiscal Q3, which was noted considerably above consensus projections. The company disclosed that a large share of DRAM consumption may be attributed to AI-related demand this year, placing Micron Technology, Inc. at the forefront of the ongoing development of AI infrastructure.
Micron Technology, Inc. provides memory and storage solutions sold into cloud server, enterprise, graphics, networking, smartphones, mobile-device, automotive, industrial, and consumer markets, among others.
6. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ:AVGO) earns a spot on our list of 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, analyst sentiment about Broadcom Inc. remains optimistic, with over 95% of covering analysts keeping a “Buy” rating. The consensus price target of $472.50 indicates a potential upside of 57.14% on the stock.
On March 5, 2026, Truist raised its price target for Broadcom Inc. from $510 to $545 and upheld a “Buy” rating, citing the company’s positive performance across key metrics, particularly on its Q1 sales guidance and AI sales projections. Truist remarked that the discussion on the gross margin trajectory was ambiguous, but it emphasized that management’s positive statements regarding AI expenditure should be interpreted favorably, not only for Broadcom Inc. but also for the semiconductor industry at large.
On March 5, 2026, JPMorgan raised its price target to $500 from $475 and maintained an “Overweight” rating, following Broadcom Inc.’s stronger-than-expected January-quarter results and a robust sales forecast for the April quarter. The firm cited continued upside in the company’s AI semiconductor sector, adjusting expectations after the earnings release.
Broadcom Inc. operates as a developer, designer, and supplier of a range of semiconductor devices and infrastructure software solutions globally. It operates through the Infrastructure Software and Semiconductor Solutions segments. The company was incorporated in 1961 and is based in Palo Alto, California.
5. Alphabet Inc. (NASDAQ:GOOGL)
As of March 30, 2026, approximately 90% of covering analysts maintain a positive outlook on Alphabet Inc. (NASDAQ:GOOGL), implying 40% upside potential for the stock. The broader optimism is supported by recent analyst commentary.
On March 27, 2026, Wells Fargo maintained its “Overweight” rating and increased its price target for Alphabet Inc. to $397 from $387. The firm cited growing opportunities for Google Cloud monetization.
According to the firm, TPU licensing and the acquisition of Wiz could increase Google Cloud Platform revenue by 4% and 6% in 2026 and 2027, respectively, while increasing operating income by 7% and 14%. Additionally, Wells Fargo believes that Alphabet Inc. is using its competitive edge in computing capacity to create new profitable streams, strengthening its cloud business’s position as a major source of revenue.
On March 27, 2026, Needham reaffirmed its “Buy” rating and assigned a $400.00 price target to the stock, highlighting Alphabet Inc.’s ambitious AI spending as both strategically difficult to match and financially sustainable. According to Needham’s note dated March 13, 2026, Alphabet Inc. (NASDAQ:GOOG) is in a position to use free cash flow to cover all of its capital expenditures from fiscal 2025 through fiscal 2028.
Alphabet Inc. is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.
4. Meta Platforms, Inc. (NASDAQ:META)
Meta Platforms, Inc. (NASDAQ:META) earns a spot on our list of 8 best AI infrastructure stocks to invest in.
On March 30, 2026, Brian Nowak, an analyst at Morgan Stanley, reduced his price target for Meta Platforms, Inc. from $825 to $775. However, he maintained an “Overweight” rating and designated the stock as a new Top Pick. The analyst asserted that sentiment has reached a low point due to concerns regarding Meta’s long-term AI positioning, regulatory uncertainty, and softer macro conditions in advertising. Amid this, he maintained that the company has the potential to grow faster for longer while also pointing toward potential agentic AI catalysts.
Thus, Meta Platforms, Inc.’s current valuation is seen as a compelling entry point for investors at Morgan Stanley.
Meanwhile, on March 26, 2026, Reuters reported that Meta Platforms, Inc. had increased its planned investment in its El Paso, Texas, AI data center from $1.5 billion to $10 billion, more than a sixfold increase. The company is working toward a 1-gigawatt capacity in anticipation of the facility’s scheduled opening in 2028.
That optimism was reinforced just days later when Meta stated that the project, its 29th data center globally and the third in Texas, is expected to generate 300 permanent positions and employ over 3,000 construction workers during the peak buildout phase. The company also stated that it has contracts to add over 5,000 megawatts of renewable energy to the Texas grid and plans to alleviate local water pressure through partnerships that are designed to bring fresh water to the region.
Meta Platforms, Inc. is a California-based company that develops social media applications. Dedicated to connecting people and growing businesses, the company has two segments: Family of Apps (FoA) and Reality Labs (RL).
3. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) earns a spot on our list of 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, over 90% of covering analysts maintained a “Buy” rating for NVIDIA Corporation. The consensus price target of $265.00 implies a 58.19% upside potential.
On March 23, 2026, following NVIDIA Corporation’s GTC 2026 conference, Rosenblatt reiterated a “Buy” rating and maintained a price target of $325.00. Following the update, Cantor Fitzgerald reiterated an “Overweight” rating and a price target of $300.00 on the same day.
NVIDIA’s growing dominance in AI was emphasized at this conference. The GTC attracted around 450 sponsoring companies, 1,000 technical sessions, 2,000 speakers, and nearly 30,000 attendees. NVIDIA Corporation’s CEO Jensen Huang cited management projections of more than $1 trillion in orders for Blackwell and Rubin platforms from 2025 to 2027, highlighting the substantial demand for its next-generation AI systems.
NVIDIA Corporation is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.
2. Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT) earns a spot on our list of the 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, over 90% of covering analysts remain bullish on Microsoft Corporation, with the consensus price target suggesting an upside of around 70%.
Following investor meetings with Microsoft Corporation’s investor relations team in Asia and Australia on March 25, 2026, UBS lowered its price target from $600 to $510 while maintaining a “Buy” rating. UBS valued the shares at 19 times calendar 2026 anticipated non-GAAP EPS and stated that Microsoft must improve the narrative surrounding Microsoft 365 and Copilot in order for the company to re-rate higher.
On March 5, 2026, Jefferies met with Microsoft Corporation’s chief of investor relations and reaffirmed its “Buy” rating and $675 price target. Jefferies emphasized Microsoft’s straightforward approach, which enables it to monetize AI infrastructure irrespective of which model or agent wins. It also cited the company’s end-to-end platform across Azure and Microsoft 365, its base of more than 450 million paid M365 seats, and growing AI margins.
Microsoft Corporation is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) earns a spot on our list of 8 best AI infrastructure stocks to invest in.
As of March 30, 2026, over 90% of covering analysts maintain “Buy” ratings for Amazon.com, Inc., indicating strong Wall Street support. The consensus price target of $285.00 implies 42.31% upside.
On March 25, 2026, Citi reaffirmed its “Buy” rating and increased its price target on Amazon.com Inc. to $285 from $265. Following revenue contribution assessment related to Anthropic, OpenAI, and core workloads, the firm raised its forecasts for Amazon Web Services, citing strong ongoing AI-driven demand.
Meanwhile, according to Citi, Amazon.com, Inc.’s AWS revenue is expected to climb by 28% in the first quarter of 2026 and 29% in the full year. The company also stated that when Amazon’s alliances with Anthropic and OpenAI deepen, growth might accelerate further, reaching 37% in 2027. The research note emphasized how investor enthusiasm for Amazon.com Inc. is becoming more closely linked to the company’s presence in the growing AI infrastructure and model ecosystem, as well as in cloud computing.
Amazon.com, Inc. operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.
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