Big tech continues to invest heavily in AI infrastructure, with Statista forecasting a leap in spending from $334 billion in 2025 to $902 billion by 2029. Key players like Nvidia (NVDA) and Iren (IREN) are positioned to capitalize on this trend, with Nvidia’s data center business already accounting for over 90% of its revenue and experiencing a 75% year-over-year growth. The company’s leadership in GPU technology and strong demand for its products, including the new Blackwell chips, suggest substantial upside potential despite its recent stock performance.

Iren, a data center builder, complements Nvidia’s offerings by securing the essential power needed for next-gen chips. With over 4.5 gigawatts of secured power and a $9.7 billion contract with Microsoft, Iren is well-positioned for growth. Its vertical integration strategy enhances execution speed, crucial for meeting tech giants’ demands for rapid compute capacity expansion.

For market professionals, both Nvidia and Iren represent compelling long-term investments in the AI sector, with significant growth potential driven by ongoing infrastructure demands and strategic partnerships.

Source: fool.com