The "Magnificent Seven's" Capex Supercycle Has Given Birth to 2 Millionaire-Maker Stocks Hiding in Plain Sight. Here's the Best of the Bunch

The article argues that a “capex supercycle” driven by artificial intelligence infrastructure is accelerating spending by major U.S. hyperscalers, supporting a wave of investment opportunities. It says Amazon, Microsoft, Google (Alphabet) and Meta—listed as part of the “Magnificent Seven”—are expected to raise capital spending to expand AI data centers, with combined capex on track to reach $725 billion this year, a 77% increase versus last year, according to the Financial Times. It frames Micron Technology and Dell Technologies as standout beneficiaries. Micron’s business in high-bandwidth memory (HBM) is highlighted, including a Bloomberg forecast of 42% annual HBM growth through 2030, supported by HBM’s use in AI accelerators. For Dell, the article cites $16.1 billion in AI server revenue in the prior quarter, $24.4 billion in orders, and an AI server revenue backlog of $51.3 billion, adding a projection of 35% annual growth through 2034.