NVIDIA CorporationHyperscaler capex surge (Alphabet, Amazon, Meta, Microsoft spending $725B in 2026, up 77%) drives demand for Nvidia's AI chips.
AI stocks have outperformed the broader technology sector in 2026, with the Global X Artificial Intelligence & Technology ETF up 23% compared to the Nasdaq Composite's 13% gain. Bank of America analyst Vivek Arya expects AI infrastructure spending to continue driving the market in the second half. Nvidia, trading at just 11% gains this year, could see a catalyst from hyperscaler capex increases—Alphabet, Amazon, Meta, and Microsoft are projected to spend a combined $725 billion in 2026, up 77% from the prior year. Consensus estimates show Nvidia's earnings per share growing at a 50% compound annual rate over three years, potentially pushing the stock to $484, a 129% jump. Celestica, an electronics manufacturing services provider, has pulled back 24% from its June high, but its connectivity and cloud solutions business is booming, with Q1 revenue up 53% year over year to $4.05 billion and adjusted earnings up 80%. Analysts forecast Celestica's 2026 earnings per share rising 70% to $10.29, and the stock could reach $568 in three years, a 58% gain from current levels.
NVIDIA CorporationHyperscaler capex surge (Alphabet, Amazon, Meta, Microsoft spending $725B in 2026, up 77%) drives demand for Nvidia's AI chips.
Amazon.com IncAmazon's increased capex spending is part of the $725B hyperscaler total, supporting its AI infrastructure investments.
Alphabet Inc Class CAlphabet's increased capex spending is part of the $725B hyperscaler total, supporting its AI infrastructure investments.
Meta Platforms Inc.Meta's increased capex spending is part of the $725B hyperscaler total, supporting its AI infrastructure investments.
Microsoft CorporationMicrosoft's increased capex spending is part of the $725B hyperscaler total, supporting its AI infrastructure investments.
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Bank of America Corp
Celestica Inc.
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