September is historically known as the worst-performing month for U.S. equities. However, this year the month ended on a mixed note. The S&P 500 and the Dow fell 0.5% and 4.3%, respectively. However, the Nasdaq Composite rose 1.9%. The strong performance of the tech-heavy Nasdaq Composite was primarily driven by a rejuvenated artificial intelligence (AI) trade. The AI frenzy is set to stay firm in October. Here, we recommend three AI infrastructure bigwigs with a favorable Zacks Rank that are expected to maintain their momentum in October, too. These are: Dell Technologies Inc. DELL, Quanta Services Inc. PWR and Forgent Power Solutions Inc. FPS. Each of the stocks currently sports a Zacks Rank #1 (Strong Buy) and has a Zacks Momentum Score of A.
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