Prediction: This Artificial Intelligence (AI) Stock Will Go Parabolic After Nvidia Reports Earnings on Aug. 26

In the earnings season that is now wrapping up, technology companies delivered a clear message regarding artificial intelligence (AI) spending. The five hyperscalers -- Microsoft, Amazon, Alphabet, Meta Platforms, and Oracle -- all either reaffirmed or boosted their capital expenditure plans for the year, pushing their combined planned outlay north of $700 billion.The scope of that infrastructure spending is being driven by two interlocking forces: Insatiable demand for additional compute capacity as AI training and inference workloads explode, and a sharp rise in memory component prices that has made every new data center rack more expensive.While most investors will be watching Nvidia's (NASDAQ: NVDA) fiscal 2027 second-quarter earnings report on Aug. 26, I'll have my eyes on Micron Technology (NASDAQ: MU). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool