3 Stocks to Take Advantage of the Increased Spending in Data Centers

By Jose Najarro – Jun 1, 2022 at 7:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$1,992B

Today's Change

(2.25%) $17.94

Current Price

$814.71

Price as of April 25, 2024, 10:46 a.m. ET

Investments in data centers are expected to increase in 2022 and 2023.

Spending on data centers continues to increase as the world moves to digital transformation, from online streaming services to social media, gaming, the metaverse, e-commerce, fintech, cybersecurity, and other emerging technologies. Today's video focuses on Advanced Micro Devices (AMD 0.53%), Nvidia (NVDA 2.25%), and Taiwan Semiconductor Manufacturing (TSM 0.59%) and the types of solutions each company provides to the data center market.

*Stock prices used were the closing prices of May 27, 2022. The video was published on May 29, 2022.

Jose Najarro has positions in Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.