$ASML

ASML HOLDING NV

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Nvidia Gets All the Credit, but These 4 Stocks Are Quietly Capturing the $725 Billion AI Buildout

The article says AI hyperscalers are set to spend about $725 billion this year, mainly on data centers and related chips. It highlights four semiconductor names beyond Nvidia: TSM, Broadcom, ASML, and Arm. It cites TSM’s ~72% foundry revenue share and expected 22% annual earnings growth; Broadcom’s 2025 revenue of $63.8B and CEO view that AI chip revenue could exceed $100B next year; ASML’s EUV equipment role and nearly 30% expected earnings growth; and Arm’s royalty model tied to over 350B ship