The growth in investment in artificial intelligence in the last year has been astounding!
It is predicted that the largest builders of AI infrastructure (the “hyperscalers”) will invest over $300 billion in new facilities in 2025.
This massive investment growth has helped propel chipmaker NVIDIA Corporation (NASDAQ: NVDA) to the world's largest market capitalization company.
It has also led to huge rallies in other companies that provide the components to these systems. The “picks and shovels” of AI!
Today's HX Trader idea is one of these companies that has stumbled and we think will recover.
Here is the idea…
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