Data center spending is projected to reach $7 trillion by 2030, with Advanced Micro Devices expecting a 35% revenue growth rate over the next few years. Hut 8 recently secured a multibillion-dollar deal to provide data center capacity to Anthropic, signaling more lucrative agreements on the horizon. Top tech companies specializing in chips and AI computing have delivered strong returns to investors in recent years.

Goldman Sachs estimates data center operators will invest over $500 billion in capital expenditures in 2026, with long-term projections indicating a potential increase to $7 trillion by 2030 to meet compute power demands. This bullish outlook benefits stocks like Advanced Micro Devices and Hut 8, positioning them for significant growth in the years to come.

Advanced Micro Devices had a successful 2025, with a 77% stock increase driven by key deals like the one with OpenAI. The company anticipates additional growth in 2026, supported by strong revenue performance and strategic partnerships. AMD’s long-term roadmap includes new product launches targeting a $1 trillion AI chip market.

Hut 8 faces increasing demand for AI infrastructure, with data center capacity shortages predicted in the near future. A recent $7 billion deal with Anthropic for 245 megawatts of data center capacity highlights the company’s potential for growth. Hut 8’s revenue surged 91% in the third quarter, driven by its Bitcoin mining operations and AI data center investments.

Read more at Nasdaq: 2 Artificial Intelligence (AI) Stocks Poised to Run in 2026 and Beyond