Three tech stocks to watch in 2026: opportunities in the digital infrastructure boom

The race for artificial intelligence is completely transforming the landscape of technological investments. With the demand for computing capacity exploding, three leading global companies position themselves as the most solid choices for those betting on the growth of digital infrastructure. All three have received “strong buy” ratings from analysts, representing the core of the expansion of global data centers.

The Uncontested Dominance of AI Technology: Nvidia Between Expectations and Reality

Nvidia maintains its position as a pillar in the sector with a market capitalization close to $4.6 trillion. The company's GPUs and accelerators continue to power most cloud operations and artificial intelligence systems worldwide. The latest news from CES 2026 confirms the company's strategic evolution: the launch of Rubin, a highly integrated six-chip AI platform, and new models like Alpamayo for autonomous vehicles signal an expansion well beyond simple semiconductor manufacturing.

On the financial side, the numbers are impressive. In fiscal Q3 2026, revenues reached $57 billion (+62% year over year), with the data center segment driving this growth with $51.2 billion (+66% YOY). Gross margins remain robust at 73%. Looking ahead, management forecasts revenues around $65 billion in Q4, and CEO Jensen Huang highlighted that “cloud GPUs are sold out” due to AI demand.

However, valuation warrants caution. With a trailing P/E ratio of 48 and a price-to-cash flow multiple of 61, the stock is moving in a territory considered “bubble” by experts. After reaching $212 in October 2025, the price fell to about $185 at the beginning of January 2026. Despite this contraction, analyst consensus remains optimistic with a “strong buy” rating and an average target price of $256 (+38% upside potential).

Amazon and AWS: The Engine of Cloud Transformation Accelerating

Amazon represents a different but equally powerful lever in the data center landscape. With a market cap of $2.6 trillion, the company combines the strength of its global e-commerce with the uncontested dominance of AWS in cloud computing. In Q3, sales grew 13% year over year to $180 billion, while AWS revenues increased 20% to $33 billion.

The company's commitment to AI infrastructure is unwavering. Amazon has allocated $50 billion to strengthen cloud capacity focused on AI for U.S. government agencies and announced a $15 billion investment in new data center campuses in Indiana. Capital expenditures exceeded $100 billion in 2025, mainly channeled into AWS, with high levels expected in 2026 as well.

The operating cash flow over the last 12 months increased 16% to $130.7 billion, providing a solid base for these massive investments. CEO Andy Jassy emphasized that AI is producing tangible improvements across all business divisions, with AWS accelerating at 20% year over year. Shares have gained about 40% since last spring, nearing 52-week highs. Wall Street assigns Amazon a consensus “strong buy” rating with an average target price of $294.96, implying a further 20% rise.

Broadcom: The Infrastructural Glue Connecting the Giants

Broadcom operates in a more hidden but equally critical space: providing custom ASIC chips and networking hardware that enable global data centers to function. The acquisition of VMware further consolidated its position in virtualization and hybrid cloud environments. In Q4, revenues reached $18 billion (+28% year over year), while AI-related revenues saw explosive growth of 74% YOY.

For Q1, management forecasts revenues of about $19.1 billion, up another 28% compared to the previous year. Adjusted EBITDA for fiscal 2025 hit $43 billion (+35% YOY), and free cash flow set a record at $26.9 billion. CEO Hock Tan highlighted that AI-driven sales will continue to double.

Broadcom's shares performed exceptionally in 2025, rising 45% over the last year and closing at around $343 on January 7, 2026. Although the dividend yield is modest at 0.70%, the main catalyst remains growth potential. Analysts maintain a consensus “strong buy” rating with an average target price of $456.20, suggesting a potential 37% increase.

Conclusion: Three Converging Paths Toward 2026

Nvidia, Amazon, and Broadcom represent three different angles of the same mega-trend: the global expansion of digital infrastructure. Nvidia provides computational power, Amazon supplies the cloud ecosystem and data centers, while Broadcom provides the connective fabric that links everything. For investors, these three assets offer comprehensive exposure to the AI and data center boom, although careful evaluation of high valuations within the context of long-term growth prospects is necessary.