AI trade’s next leg is all about tech’s ‘pick-and-shovel’ stocks
The artificial intelligence trade is evolving beyond major chip manufacturers and cloud providers, with investors now focusing on "pick-and-shovel" stocks that provide the infrastructure for new data centers. Companies involved in data storage, construction, power, and heating/cooling such as Sandisk Corp., Amphenol Corp., and Vertiv Holdings Co. are seeing significant investment as hyperscalers pour billions into AI infrastructure. While concerns about overspending exist, many investors remain bullish on these underlying technology providers.
https://www.detroitnews.com/story/business/2026/01/05/ai-trades-next-leg-is-all-about-techs-pick-and-shovel-stocks/88033104007/