This company is growing quickly, and its stock is a bargain at the current price.

Big tech companies are set to spend $375 billion on artificial intelligence (AI) infrastructure this year, according to estimates from analysts at UBS . That number will climb to $500 billion next year.

The biggest expense item in building out AI data centers is semiconductors. Nvidia ( NVDA -3.38% ) has been by far the biggest beneficiary of that spend so far. Its GPUs offer best-in-class capabilities for general AI training and inference . Other AI accelerator chipmakers have also seen strong sales growth, including Broadcom ( AVGO -3.70% ) , which makes custom AI chips as well as networking chips, which ensure data moves efficiently from one server to another, keeping downtime to

See Full Page