Before the Next Nvidia-Style Run, Here Are 3 AI Stocks Worth Watching - The Globe and Mail

As AI infrastructure spending continues to rise, high-speed connectivity technologies beyond AI chips are emerging as a key growth area. This article analyzes three AI-related tech stocks—Astera Labs,... Read original →

The AI infrastructure bottleneck is shifting from compute to data movement efficiency, positioning Astera, Marvell, and Credo as critical 'plumbing' enablers. Technologically, PCIe Gen 6 and AEC interfaces will force co-design upgrades in memory hierarchies and advanced packaging, indirectly accelerating adoption of sub-3nm EUV processes. On compliance, U.S. export controls now extend beyond AI accelerators to connectivity chips—exposing all three firms to supply chain fragmentation, especially Credo with its high customer concentration. Strategically, Broadcom and Intel will likely fast-track in-house interconnect IP to reduce third-party reliance, while NVIDIA’s $2B Marvell bet aims to lock down the NVLink Fusion ecosystem. Over the next 12–24 months, as AI clusters scale beyond 10,000 GPUs, low-latency, high-bandwidth interconnects will become the new capital allocation frontier—rewarding firms mastering electro-optical co-design with structural alpha.