Stock market hits new highs thanks to AI revolution, top AI stocks include Vertiv, TSM, and MYRG

From Nasdaq: 2025-07-01 14:37:00

Wall Street bulls drove the stock market to new all-time highs in June, with the Nasdaq up over 33% since April, thanks to growth stocks like Nvidia benefitting from the AI revolution. Despite near-term volatility, trade deals and strong earnings growth set a bullish tone for the second half.

Vertiv (VRT) is a top AI stock, with 1,445% growth in the past three years and projected revenue growth of 19% in 2025. The company partners with Nvidia and focuses on power, cooling, and IT infrastructure, making it a key player in the AI spending boom.

Taiwan Semiconductor (TSM) is another strong AI tech stock, with a 2,600% growth over 20 years. TSMC holds a dominant market share in semiconductor manufacturing, crucial for AI development. Projected revenue growth of 29% in FY25 and strong earnings growth make it a top pick for long-term investors.

MYR Group Inc. (MYRG) is a U.S.-based contractor set to benefit from the AI infrastructure boom. The company’s strong growth outlook is driven by increasing energy and electrification demands. With a diverse portfolio covering electric transmission, distribution, clean energy projects, and more, MYRG is positioned for success in the evolving AI landscape.



Read more at Nasdaq: 3 Top Artificial Intelligence (AI) Stocks to Buy Not Named Nvidia