By Keithen Drury
Publication Date: 2026-02-12 21:30:00
Nvidia and Broadcom are the primary beneficiaries of some major spending just announced.
Artificial intelligence (AI) stocks have been hit hard in recent weeks. The market is growing skeptical about AI spending, but the reality is that it’s still going strong. We’ve received news of what capital expenditures look like for many of the AI hyperscalers during 2026, and these record-setting numbers indicate one thing: The AI buildout is far from over.
This makes me bullish on a specific group of stocks, including Nvidia (NVDA 1.70%) and Broadcom (AVGO 3.38%). Both of these companies are poised to benefit from the massive amount of money being spent this year, and look like excellent buys right now as a result.
Image source: Getty Images.
How much is being spent on AI?
The three companies I want to focus on for capital expenditures spending amounts are Amazon, Alphabet, and Meta Platforms. All three of these companies are AI hyperscalers and are spending a ton on computing equipment…
