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AI Investment Accelerates: Top Stocks to Buy Right Now
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An updated edition of the Aug. 7, 2026, article.
Artificial intelligence (AI) is transforming digital operations by allowing systems to analyze vast datasets, identify complex patterns, and produce increasingly sophisticated insights and decisions. Rapid progress in generative AI, agentic AI, multimodal models and high-performance computing, supported by advanced GPUs and Tensor Processing Units (TPUs), is accelerating adoption across industries. From conversational AI and healthcare diagnostics to fraud prevention and autonomous systems, AI is helping organizations enhance productivity, improve decision-making, boost operational flexibility and create new opportunities for innovation and long-term growth.
Per Gartner, global AI spending is expected to hit $2.7 trillion in 2026, indicating 49.5% growth over 2025. IDC projects AI infrastructure spending to reach $497 billion in 2026 and is expected to hit $1.21 trillion in 2030, witnessing a CAGR of 30% between the 2025-2030 time frame. U.S. tech giants, including Microsoft (MSFT - Free Report) , Dell Technologies (DELL - Free Report) , Alphabet, Amazon (AMZN - Free Report) and Meta Platforms (META - Free Report) , have been at the forefront of bringing remarkable advances to AI technology, well supported by powerful AI chips and custom accelerators from NVIDIA (NVDA - Free Report) , AMD and Broadcom. Astera Labs (ALAB - Free Report) is playing a huge role in the buildout of AI infrastructure by offering faster connectivity, higher bandwidth and improved signal integrity across GPUs, CPUs, memory and networking.
Enterprise-focused AI agents continue to gain traction across productivity, software development, customer service and business automation applications. Latest AI model releases are focusing on improved reasoning, coding assistance, multimodal understanding and safety. However, Chinese AI model developers like Alibaba are challenging U.S. tech giants by launching much cheaper models with almost the same performance.
We believe that the rapid deployment of AI technology and huge spending on its development efforts offer significant growth opportunities for investors. Our Artificial Intelligence Screen is an invaluable source for identifying AI stocks with massive growth prospects.
NVIDIA remains at the center of the AI infrastructure buildout because its advantage extends well beyond GPUs to a full-stack computing platform encompassing CPUs, GPUs, NVLink, networking, systems and CUDA software. This Zacks Rank #1 (Strong Buy) stock reported second-quarter fiscal 2027 revenues of $96 billion, which more than doubled (up 106% year over year), while Data Center revenues reached $89 billion (up 117% year over year). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA’s architecture can support virtually every major model and workload across training, inference and agentic AI, providing customers with a fungible platform across the AI lifecycle. Vera Rubin further strengthens this position, with the company citing 30-times higher throughput per megawatt and 35-times lower token costs versus Grace Blackwell Ultra, alongside purchase orders from every major hyperscaler, AI cloud and system OEM.
Third-quarter fiscal 2027 revenues are expected to be $108 billion, plus or minus 2%, despite no assumed China Data Center compute revenues. NVIDIA now expects fiscal 2028 revenues to grow approximately 70% despite supply constraints and demand forecasts running even higher. NVIDIA’s technological leadership, CUDA ecosystem and expanding share of AI-factory spending support a powerful long-term AI investment case.
Astera Labs offers a compelling AI infrastructure growth story as intelligent connectivity becomes increasingly critical to scaling accelerator clusters. In the second quarter of 2026, revenues surged 104% year over year to $392.4 million, while PCIe 6 products contributed more than half of revenues.
Scorpio X-Series has entered volume production and is expected to become Astera’s largest product family in the third quarter, supported by hyperscaler deployments and increasing silicon content per XPU. The company expects future Scorpio X-Series content to exceed $1,000 per XPU, while Taurus’ 200-gig-per-lane products could double its addressable market to more than $4 billion by 2030. Expansion into UALink, optical connectivity, CXL memory controllers and custom silicon further broadens Astera’s opportunity beyond its traditional retimer business.
This Zacks Rank #1 company expects third-quarter 2026 revenues to rise roughly 40% sequentially at the midpoint, driven by the Scorpio X-Series production ramp, continued Aries PCIe 6 retimer strength and preproduction Taurus shipments for 800-gigabit Ethernet applications.
Another Zacks Rank #1 company, Dell, stands out as one of the major beneficiaries of enterprises, sovereign customers and neoclouds building AI infrastructure at scale. Dell booked a record $60.9 billion of AI server orders in the second quarter of fiscal 2027, generated $16.4 billion of AI server revenues and exited the quarter with a $95 billion backlog, while its opportunity pipeline remained multiples of backlog.
DELL’s AI customer base has surpassed 6,500, highlighting broadening adoption beyond a handful of hyperscalers. The company’s advantage extends beyond assembling GPU servers: its engineering, deployment, supply-chain and services capabilities help customers optimize complex systems across compute, networking, storage, power and cooling, and the company was the first to ship rack systems engineered around NVIDIA’s Vera Rubin platform.
Dell now expects fiscal 2027 AI server revenues of $74 billion, roughly triple the prior-year level, making AI an increasingly powerful driver of Infrastructure Solutions Group growth, profitability and long-term cash generation. For fiscal 2027, Dell raised its revenue outlook by $25 billion to $192 billion, plus or minus $2 billion, and lifted non-GAAP earnings guidance to $25.50 per share, plus or minus 25 cents.
View the Zacks #1 Rank List
Image: Bigstock
AI Investment Accelerates: Top Stocks to Buy Right Now
An updated edition of the Aug. 7, 2026, article.
Artificial intelligence (AI) is transforming digital operations by allowing systems to analyze vast datasets, identify complex patterns, and produce increasingly sophisticated insights and decisions. Rapid progress in generative AI, agentic AI, multimodal models and high-performance computing, supported by advanced GPUs and Tensor Processing Units (TPUs), is accelerating adoption across industries. From conversational AI and healthcare diagnostics to fraud prevention and autonomous systems, AI is helping organizations enhance productivity, improve decision-making, boost operational flexibility and create new opportunities for innovation and long-term growth.
Per Gartner, global AI spending is expected to hit $2.7 trillion in 2026, indicating 49.5% growth over 2025. IDC projects AI infrastructure spending to reach $497 billion in 2026 and is expected to hit $1.21 trillion in 2030, witnessing a CAGR of 30% between the 2025-2030 time frame. U.S. tech giants, including Microsoft (MSFT - Free Report) , Dell Technologies (DELL - Free Report) , Alphabet, Amazon (AMZN - Free Report) and Meta Platforms (META - Free Report) , have been at the forefront of bringing remarkable advances to AI technology, well supported by powerful AI chips and custom accelerators from NVIDIA (NVDA - Free Report) , AMD and Broadcom. Astera Labs (ALAB - Free Report) is playing a huge role in the buildout of AI infrastructure by offering faster connectivity, higher bandwidth and improved signal integrity across GPUs, CPUs, memory and networking.
Enterprise-focused AI agents continue to gain traction across productivity, software development, customer service and business automation applications. Latest AI model releases are focusing on improved reasoning, coding assistance, multimodal understanding and safety. However, Chinese AI model developers like Alibaba are challenging U.S. tech giants by launching much cheaper models with almost the same performance.
We believe that the rapid deployment of AI technology and huge spending on its development efforts offer significant growth opportunities for investors. Our Artificial Intelligence Screen is an invaluable source for identifying AI stocks with massive growth prospects.
Explore 39 cutting-edge investment themes with Zacks Thematic Investing Screens and uncover your next big opportunity.
3 AI Stocks to Buy Right Now
NVIDIA remains at the center of the AI infrastructure buildout because its advantage extends well beyond GPUs to a full-stack computing platform encompassing CPUs, GPUs, NVLink, networking, systems and CUDA software. This Zacks Rank #1 (Strong Buy) stock reported second-quarter fiscal 2027 revenues of $96 billion, which more than doubled (up 106% year over year), while Data Center revenues reached $89 billion (up 117% year over year). You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA’s architecture can support virtually every major model and workload across training, inference and agentic AI, providing customers with a fungible platform across the AI lifecycle. Vera Rubin further strengthens this position, with the company citing 30-times higher throughput per megawatt and 35-times lower token costs versus Grace Blackwell Ultra, alongside purchase orders from every major hyperscaler, AI cloud and system OEM.
Third-quarter fiscal 2027 revenues are expected to be $108 billion, plus or minus 2%, despite no assumed China Data Center compute revenues. NVIDIA now expects fiscal 2028 revenues to grow approximately 70% despite supply constraints and demand forecasts running even higher. NVIDIA’s technological leadership, CUDA ecosystem and expanding share of AI-factory spending support a powerful long-term AI investment case.
Astera Labs offers a compelling AI infrastructure growth story as intelligent connectivity becomes increasingly critical to scaling accelerator clusters. In the second quarter of 2026, revenues surged 104% year over year to $392.4 million, while PCIe 6 products contributed more than half of revenues.
Scorpio X-Series has entered volume production and is expected to become Astera’s largest product family in the third quarter, supported by hyperscaler deployments and increasing silicon content per XPU. The company expects future Scorpio X-Series content to exceed $1,000 per XPU, while Taurus’ 200-gig-per-lane products could double its addressable market to more than $4 billion by 2030. Expansion into UALink, optical connectivity, CXL memory controllers and custom silicon further broadens Astera’s opportunity beyond its traditional retimer business.
This Zacks Rank #1 company expects third-quarter 2026 revenues to rise roughly 40% sequentially at the midpoint, driven by the Scorpio X-Series production ramp, continued Aries PCIe 6 retimer strength and preproduction Taurus shipments for 800-gigabit Ethernet applications.
Another Zacks Rank #1 company, Dell, stands out as one of the major beneficiaries of enterprises, sovereign customers and neoclouds building AI infrastructure at scale. Dell booked a record $60.9 billion of AI server orders in the second quarter of fiscal 2027, generated $16.4 billion of AI server revenues and exited the quarter with a $95 billion backlog, while its opportunity pipeline remained multiples of backlog.
DELL’s AI customer base has surpassed 6,500, highlighting broadening adoption beyond a handful of hyperscalers. The company’s advantage extends beyond assembling GPU servers: its engineering, deployment, supply-chain and services capabilities help customers optimize complex systems across compute, networking, storage, power and cooling, and the company was the first to ship rack systems engineered around NVIDIA’s Vera Rubin platform.
Dell now expects fiscal 2027 AI server revenues of $74 billion, roughly triple the prior-year level, making AI an increasingly powerful driver of Infrastructure Solutions Group growth, profitability and long-term cash generation. For fiscal 2027, Dell raised its revenue outlook by $25 billion to $192 billion, plus or minus $2 billion, and lifted non-GAAP earnings guidance to $25.50 per share, plus or minus 25 cents.