Alphabet and Amazon Are Spending $420 Billion on Infrastructure. These 2 Stocks Are Primed to Cash in on It.

Amazon and Alphabet are projecting major AI-related infrastructure spending, with Amazon planning $220 billion in capital expenditures and Alphabet about $200 billion at the midpoint—totaling roughly $420 billion. The article argues that this scale of investment should flow to companies supplying computing hardware, spotlighting Nvidia and Micron. Nvidia benefits from strong demand for its GPUs, which cloud providers are said to rely on as an industry standard; the piece notes Nvidia delivered 85% revenue growth in Q1 and expects further acceleration, with analyst estimates pointing to about 43% revenue growth in the next fiscal year. It also cites Nvidia’s forward P/E at 24. Micron is tied to memory chips, with Amazon pointing to the industry as a reason for higher guidance; the article claims memory prices have surged due to demand outpacing supply.