Two Stocks on My Radar:
The idea behind this post was that AI’s next growth phase might extend beyond GPUs and traditional data-centre infrastructure. Two developments caught my attention.
1. Google: The growing demand for AI compute
Google’s latest earnings commentary highlighted strong demand for its custom TPU systems. The broader development worth watching is that AI infrastructure demand is expanding beyond GPUs, with CPUs, custom accelerators and networking also becoming important.
As AI agents become more capable, the infrastructure required to run them will become increasingly important.
This is where Broadcom caught my attention.
Broadcom plays a major role in Google’s custom TPU ecosystem, including chip development and networking components. Its long-term agreement with Google extends through 2031.
2. Meta: Personal AI agents could change e-commerce
Meta’s introduction of Muse, its personal AI agent, caught my attention for a different reason.
Imagine asking your personal AI agent to find a product, compare prices, identify the best deal and help complete the purchase.
This could fundamentally change how consumers discover and purchase products online.
Shopify is particularly interesting here.
Shopify provides the commerce infrastructure connecting merchants, product catalogues and checkout systems. Its integrations with Meta’s Muse ecosystem could help merchants participate in this emerging AI-driven shopping experience.
The opportunity isn’t necessarily that Shopify builds the AI agent. It’s that Shopify could provide the infrastructure behind the transactions those agents generate.
My takeaway
I see two potentially important investment opportunities emerging from these developments:
* Broadcom: Exposure to the growing demand for custom AI chips and networking infrastructure.
* Shopify: Exposure to the possibility that AI agents become another major distribution channel for e-commerce.
AI isn’t just about building bigger models anymore. It’s increasingly about the infrastructure that powers them and the applications that turn them into commercial products.
That’s a trend I’m watching closely.
Not financial advice. Just my personal research and investment perspective.
