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15 handpicked stocks

Google's Growth Engine

As Google pours billions into AI and cloud infrastructure, a select group of technology suppliers are reaping the rewards. These carefully chosen stocks represent the companies providing the essential hardware and technology that power Alphabet's ambitious growth plans.

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Author avatar

Han Tan | Market Analyst

Updated today | Published at June 30

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

NVDA

NVIDIA Corporation

NVDA

Current price

$180.45

As the leading designer of GPUs, its hardware is essential for training the large-scale AI models that power Google's core services and cloud offering...

As the leading designer of GPUs, its hardware is essential for training the large-scale AI models that power Google's core services and cloud offerings.

AMD

Advanced Micro Devices, Inc.

AMD

Current price

$177.51

A key supplier of high-performance CPUs and increasingly competitive GPUs for data centers, benefiting from Google's need to diversify its hardware su...

A key supplier of high-performance CPUs and increasingly competitive GPUs for data centers, benefiting from Google's need to diversify its hardware supply chain.

TSM

Taiwan Semiconductor Manufacturing Co.

TSM

Current price

$238.88

The world's largest semiconductor foundry, responsible for manufacturing the cutting-edge chips that Google's AI and cloud infrastructure depend on.

About This Group of Stocks

1

Our Expert Thinking

While investors debate Alphabet's future in AI, the company is investing massively in its technological infrastructure. This creates a powerful opportunity in the essential suppliers that provide the "picks and shovels" of Google's digital expansion—from advanced semiconductors to critical data center hardware.

2

What You Need to Know

These companies operate at the foundational level of the tech supply chain, manufacturing the essential components that make Google's services possible. They're direct beneficiaries of Alphabet's multi-billion dollar infrastructure investments, positioning them for potential growth regardless of which tech giant ultimately leads in AI.

3

Why These Stocks

Each company in this group has been identified for its role in providing mission-critical hardware or infrastructure that Google depends on. From chip designers and manufacturers to networking and data storage specialists, these firms are indispensable to Alphabet's technological ambitions.

12 Month Growth Potential

Use the growth calculator to see how much investing in these assets could return over one year.

If you invested across these assets:

in 12 months it could be worth:

$1,000.00

+15.94%

Group Performance Snapshot

15.94%

Average 12 Month Profit

On average, analysts expect assets in this group to grow 15.94% over the next year.

13 of 15

Stocks Rated Buy by Analysts

13 of 15 assets in this group are rated Buy by professional analysts.

2.2%

Group Growth

This group averaged a 2.2% return last month.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

💰

Following The Money

These companies are on the receiving end of Alphabet's multi-billion dollar infrastructure spending spree. As Google doubles down on AI, these suppliers stand to benefit directly from this massive capital flow.

🔍

Hidden Tech Heroes

While headlines focus on tech giants like Google, these essential suppliers often fly under the radar. They provide the critical components that make AI and cloud services possible, offering potentially overlooked investment opportunities.

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Riding The AI Wave

Google's urgent push into AI and cloud computing is creating ripple effects throughout the tech ecosystem. These companies are positioned at the foundation of this technological transformation, regardless of which tech giant ultimately leads.

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