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. (NASDAQ:AMD), 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. (NASDAQ:AMD) 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. (NASDAQ:AMD), 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. (NASDAQ:AMD) 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. (NASDAQ:MU), 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. (NASDAQ:MU) 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. (NASDAQ:MU) at the forefront of the ongoing development of AI infrastructure.
Micron Technology, Inc. (NASDAQ:MU) 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. (NASDAQ:AVGO) 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. (NASDAQ:AVGO) 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. (NASDAQ:AVGO) 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. (NASDAQ:AVGO)’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. (NASDAQ:AVGO) 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.
While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some 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 AVGO and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 best AI infrastructure stocks to invest in.
Disclosure: None. Follow Insider Monkey on Google News.
