Chaikin Picks 3 AI Infrastructure Stocks as Nvidia and Mag 7 Gain Less Than 1%
Updated
Updated · The Globe and Mail · Jun 12
Chaikin Picks 3 AI Infrastructure Stocks as Nvidia and Mag 7 Gain Less Than 1%
1 articles · Updated · The Globe and Mail · Jun 12
Summary
Argan, MasTec and Quanta Services are Chaikin’s top AI infrastructure picks, aimed at investors shifting from chip winners to companies building the power, construction and grid backbone for data centers.
MasTec reported $1.39 a share versus a 98-cent estimate, while Quanta earned $2.68 against $2.04; Chaikin says repeated earnings beats, analyst upgrades and recent pullbacks create fresh entry points.
Argan, with roughly $1 billion in revenue, is the smallest and most niche bet through power-plant construction, while Quanta — about $30 billion in revenue and a $100 billion market cap — offers the broadest grid-upgrade exposure.
The call rests on a longer runway than chips or servers: Chaikin argues AI-related power and electrical infrastructure spending could keep expanding for another 3 to 5 years.