The AI boom is reshaping the market well beyond its most obvious beneficiaries—tech, energy, and utilities firms—and some of the best ways to benefit from it have largely gone overlooked. Even within a prominent AI industry like semiconductors, some companies have unique opportunities to serve as pick-and-shovel investments due to their role within the complex AI supply chain.
When considering possible AI revenue accelerators, it helps to look for firms that already have some sales growth momentum. Three companies—Fabrinet (NYSE: FN), MACOM Technology Solutions (NASDAQ: MTSI), and Credo Technology Group Inc. (NASDAQ: CRDO)—are all in this category and boast strong analyst support, making them candidates for an increasingly prominent role in the AI industry.
