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MarketBeat

Dan Schmidt

FORGOTTEN HISTORY: 3 data memory stocks beating nvda this year - The Untold Story

NVDA Memory Nasdaq SanDisk SNDK Western Digital MarketBeat PSTG WDC

The artificial intelligence revolution has created a three-pronged bull market in the tech sector. First, you have the hyperscalers like Microsoft Corp. (NASDAQ: MSFT) and Alphabet Inc. (NASDAQ: GOOGL) behind the massive data center buildout. Then you have the semiconductor giants like NVIDIA Corp. (NASDAQ: NVDA) which supply the chips that enable AI systems to be trained. And finally, there are the “picks and shovels” companies that make the necessary equipment, ensuring that data centers run properly.

This third prong of the bull market has been gaining attention lately, as the “picks and shovels” plays have been outperforming the hyperscaler and semiconductor stocks—delivering the critical infrastructure needed to scale artificial intelligence.

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