The artificial intelligence (AI) sector is poised for expansive growth, with McKinsey & Co. projecting nearly $7 trillion in global data center capital expenditures by 2030. This investment represents a significant portion of global GDP, particularly in the U.S., where AI-related spending accounts for about 5% and continues to grow rapidly. As companies increasingly recognize AI’s potential, savvy investors may find opportunities not just in traditional AI stocks but also in companies with indirect exposure to AI advancements.

Among the notable players is Rivian (RIVN), which trades at a relative discount compared to Tesla (TSLA) despite making substantial investments in AI and autonomous driving technology. Rivian’s aggressive capex strategy could position it favorably in the burgeoning EV market, especially as the demand for self-driving capabilities rises. Meanwhile, NuScale Power (SMR) is targeting the nuclear energy sector, anticipating increased electricity demand driven by AI, which could create a significant market opportunity.

Investors should consider diversifying their portfolios by exploring these companies, as both Rivian and NuScale Power present unique growth potential tied to the AI revolution, albeit with varying timelines and risk profiles.

Source: fool.com