By Keithen Drury
Publication Date: 2026-03-19 10:30:00
Over the next five years, investors are going to see a lot more spending on artificial intelligence (AI) than previously thought imaginable. While there are fears about how much AI hyperscalers are already spending, I think that amount will continue to rise.
If it does, several companies are slated to cash in, namely Nvidia (NVDA 3.17%), Broadcom (AVGO 2.99%), Micron (MU 4.89%), and Taiwan Semiconductor Manufacturing (TSM 2.79%). All four businesses have a vested interest in seeing data center spending skyrocket.
If spending continues to rise, like it’s projected to do, all four of these companies will deliver monster returns.
Image source. Getty Images.
How high can AI spending go?
The number you’ll hear thrown around for AI capital expenditures the most is $650 billion, but that’s just for the big four AI hyperscalers. That completely leaves out some other large AI players, as well as many of the private companies, like OpenAI or xAI, that are also spending a ton on AI…
