3 Artificial Intelligence (ai) Stocks That Could Help Set…
By John Ballard – Mar 30, 2026 at 12:00AM EST
Key Points
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Nvidia continues to generate high margins on sales of its data center GPUs.
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Nebius Group and Hut 8 are two data center builders that are signing deals with top AI companies.
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Hut 8’s valuation could significantly undervalue its future profit potential.
1. Nvidia
Even after its monster run, Nvidia (NVDA 2.13%) still has plenty of fuel left in the tank. In addition to selling graphics processing units (GPUs), the company sells computing systems and software that equip hyperscalers with all the essential components needed to train cutting-edge AI models and deploy cloud applications.
Most of Nvidia’s revenue comes from its data center segment, which grew an impressive 75% year over year last quarter. Even more telling, revenue rose 22% sequentially versus the prior quarter, signaling strong near-term momentum.
While the stock commands an expensive-looking market cap of $4 trillion, this valuation is supported by the high margins from data center chip sales. The company earned $120 billion in trailing-12-month net income. These high margins show there are no viable alternatives for Nvidia’s GPU technology. It supplies large volumes of the most powerful computing systems at a scale no one else can match.
Nvidia expects cumulative purchase orders for its current Blackwell and upcoming Rubin GPUs to exceed $1 trillion through 2027. Looking past any sudden slowdown in data center spending, Nvidia stock should deliver solid long-term returns. It is trading at just 21 times this year’s consensus earnings estimate.
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NASDAQ: NVDA
Nvidia
Today’s Change
(-2.13%) $-3.65
Current Price
$167.59
Key Data Points
Market Cap
$4.1T
Day’s Range
$167.01 – $170.96
52wk Range
$86.62 – $212.19
Volume
6.9M
Avg Vol
177M
Gross Margin
71.07%
Dividend Yield
0.02%
2. Nebius Group
All these chips have to be plugged in somewhere. Nebius Group (NBIS 4.76%) is emerging as a top data center builder serving surging demand for AI cloud infrastructure. Last year, it signed multibillion-dollar deals with top AI companies to expand compute capacity.
AI compute demand remains well ahead of supply, and Nebius is seeing it firsthand. It reported a 547% year-over-year revenue jump in the fourth quarter. The company is now generating annualized run rate revenue of $1.2 billion, and management expects to reach $7 billion to $9 billion by the end of 2026.
Building data centers is capital-intensive, but Nebius could enjoy attractive long-term economics. It builds its own data centers and computing racks, reducing costs versus outsourcing. On an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) basis, it posted a 24% margin in Q4 2025, more than doubling over the past two years.
A broader slowdown in AI data center spending could push out its revenue and margin goals, which is a risk to watch in the AI data center market. Still, with hyperscalers continuing to report demand for cloud services exceeding available data center capacity, builders Nebius look well positioned to deliver further growth for holders.
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NASDAQ: NBIS
Nebius Group
Today’s Change
(-4.76%) $-5.05
Current Price
$100.92
Key Data Points
Market Cap
$25B
Day’s Range
$100.27 – $106.15
52wk Range
$18.31 – $141.10
Volume
550K
Avg Vol
15M
Gross Margin
-765.63%
3. Hut 8
Another data center stock to consider is Hut 8 (HUT 6.31%). The company is focused on securing large-scale power for its data center pipeline — one of the biggest constraints in building new data centers today. It builds and leases data center capacity to leading AI companies under long-term contracts.
Hut 8 recently signed a 15-year, $7 billion deal with Fluidstack and Anthropic, backed by Alphabet‘s Google. Under the agreement, Hut 8 will supply an initial 245 megawatts to Anthropic, with over 2 gigawatts worth of data center capacity to be delivered over time. This probably won’t be the last deal it announces.
Hut 8 is developing a massive 8.5 gigawatt pipeline. That spells tremendous growth potential, but it comes with execution risk. There can be construction delays and other unforeseen problems that delay revenue goals. But it’s a bullish indicator that the company has secured project financing from top firms JPMorgan and Goldman Sachs. This backing suggests Hut 8 can execute and deliver on its growth strategy.
The stock’s $5.8 billion market cap looks low relative to the value of its Anthropic deal. While this reflects the risks involved in building new data centers, it also points to significant long-term upside for investors if everything goes well. Over the next decade, Hut 8 could be a monster stock as demand for AI infrastructure grows. Analysts are currently projecting its adjusted EBITDA to grow from $130 million in 2026 to $746 million by 2028, which could send the stock higher if it meets those estimates.
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About the Author
John Ballard has been a contributing writer at The Motley Fool since 2016, covering consumer goods and technology stocks. He holds a bachelor’s degree in business administration with a focus in real estate finance from the University of Arkansas at Little Rock.
Stocks Mentioned
Nvidia
NASDAQ: NVDA
$167.59
(-2.13%)-$3.66
Nebius Group
NASDAQ: NBIS
$100.82
(-4.86%)-$5.15
Hut 8
NASDAQ: HUT
$47.39
(-6.31%)-$3.19
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Sumber Artikel:
Fool.com