This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) could benefit from SpaceX’s growing push into AI infrastructure as the company expands computing capacity and develops a neocloud business model.
The brokerage said SpaceX’s agreements with Anthropic and Alphabet’s Google (NASDAQ:GOOG) suggest the company is increasingly focused on monetizing AI computing resources. That strategy may require a substantial buildout of data-center capacity through 2028.
GF Securities expects Nvidia to be among the primary beneficiaries of that expansion. The firm projects SpaceX could deploy millions of Blackwell-equivalent GPUs over the next several years as it scales AI infrastructure to support cloud-computing services.
Intel was also highlighted as a potential winner due to its manufacturing capabilities. GF Securities said Intel could play an important role in supplying advanced semiconductor capacity tied to future AI infrastructure projects.
