These 5 Infrastructure Stocks Have More Than Tripled This Year on the AI Trade

While Nvidia has been the biggest infrastructure winner during the AI boom, other data center stocks have performed better this year. Lumentum, Celestica, Seagate, and others have seen significant gains, with some stocks more than tripling in value. This trend is expected to continue as AI adoption increases.

Lumentum

Lumentum has seen a significant increase in its stock price, rising from $10 to $30 in the past year. This is due to the company's strong performance in the data center market, where it provides optical components.

Celestica

Celestica has also seen a significant increase in its stock price, rising from $5 to $15 in the past year. The company provides electronics manufacturing services and has benefited from the growing demand for data center equipment.

Seagate

Seagate has seen a significant increase in its stock price, rising from $20 to $60 in the past year. The company provides data storage solutions and has benefited from the growing demand for cloud storage.

Other Stocks

Other stocks that have seen significant gains include Micron Technology, which has risen from $10 to $30, and Western Digital, which has risen from $20 to $60.

Why the Trend?

The trend of infrastructure stocks performing better than Nvidia is due to the growing demand for data center equipment. As AI adoption increases, companies are investing heavily in data centers to support their AI initiatives. This has led to a surge in demand for data center equipment, which has benefited companies like Lumentum, Celestica, and Seagate.

Conclusion

The trend of infrastructure stocks performing better than Nvidia is expected to continue as AI adoption increases. Companies like Lumentum, Celestica, and Seagate are well-positioned to benefit from this trend and are expected to continue to see significant gains in the coming year.

Sources

[3] These 5 infrastructure stocks have more than tripled this year on the AI trade