Key Points Morgan Stanley projects capex at the five largest U.S. tech companies to reach $1.4 trillion in 2028. Iren has the assets to become a leading AI cloud provider, with analysts projecting a massive jump in profitability in three years. Vertiv sees revenue growing at least 20% annually through 2030, with analysts expecting 38% annualized earnings growth. 10 stocks we like better than Iren › Some of the largest tech companies are investing heavily in building data centers to meet the insatiable demand for artificial intelligence (AI) services. Morgan Stanley expects capital spending by the top hyperscalers to reach $1.4 trillion by 2028. Investors can still find attractively valued stocks that could soar over the next several years.
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