3 AI Infrastructure Stocks Riding Hyperscaler Data Center Spending

Simply Wall St · 1d ago

AI infrastructure is turning into a modern gold rush, with data centers, chips and cloud capacity becoming the new picks and shovels. That wave is creating both excitement and unease for anyone watching valuations, borrowing costs and earnings expectations. This article walks through three stocks from our Artificial Intelligence Infrastructure & Hyperscaler Beneficiaries screener that appear positively exposed to the recent AI investment boom, and explains what their stories might mean for your portfolio decisions.

The stocks covered below are just a sample from this theme, and the full screen surfaced 20 more companies with equally compelling stories around AI infrastructure that are not included here. If you want to identify potential leaders in this build out and analyze them side by side, head straight into the Artificial Intelligence Infrastructure & Hyperscaler Beneficiaries screener.

Zhongji Innolight (SZSE:300308)

Overview: Zhongji Innolight builds high speed optical transceivers that link together cloud and AI data centers for hyperscale computing.

Market Cap: CN¥951.8b

Zhongji Innolight is directly involved in the AI infrastructure buildout, supplying optical modules from 10G up to 1.6T for cloud, datacom and telecom networks. The stock trades on a P/E well below domestic communications peers, and recent H1 2026 results indicate large scale in AI linked components. Investor interest now hinges on what may happen if a single key assumption changes in hyperscaler capex plans.

If that capex assumption shifts even slightly, the 4 key rewards and 2 important warning signs (2 are major!) could show whether Zhongji Innolight’s current pricing gap is an opportunity or a trap.

SZSE:300308 P/E Ratio as at Oct 2026
SZSE:300308 P/E Ratio as at Oct 2026

Delton Technology (Guangzhou) (SZSE:001389)

Overview: Delton Technology (Guangzhou) designs and manufactures multi layer printed circuit boards for servers, networking gear and AI focused data center hardware.

Operations: Delton Technology (Guangzhou) generated about CN¥6.9b from printed circuit boards, with roughly CN¥5.2b from overseas customers and CN¥1.7b from China.

Market Cap: CN¥80.5b

Delton Technology (Guangzhou) supplies multi layer PCBs for servers, AI switches and storage that sit inside data centers powering AI workloads. Investor attention is now focused on how recent index inclusions may affect visibility and how funding conditions may influence the company if a single unseen funding pressure tightens at a critical point in the business cycle.

That hidden pressure point makes it worth comparing Delton Technology (Guangzhou) with peers using the Delton Technology (Guangzhou) financial health report to see what funding stress might be masking

SZSE:001389 Revenue & Expenses Breakdown as at Oct 2026
SZSE:001389 Revenue & Expenses Breakdown as at Oct 2026

Accton Technology (TWSE:2345)

Overview: Accton Technology builds high speed network systems, including 800G AI and cloud data center gear that carry traffic for hyperscale workloads.

Operations: Accton Technology reports about NT$310.6b from computer networks, with most turnover in America, followed by Europe and Taiwan.

Market Cap: NT$1.1t

Accton Technology is directly involved in the AI buildout, supplying 800G fabrics, data center switches and cloud networking hardware that make GPU clusters usable. Recent revenue and earnings strength illustrates the importance of hyperscaler demand for this hardware supplier, particularly if any core assumptions about AI data center spending cycles change.

That spending cycle question makes the analyst forecasts for Accton Technology a useful next step for judging whether Accton Technology’s AI momentum could decouple from broader data center budgets.

TWSE:2345 Earnings & Revenue History as at Oct 2026
TWSE:2345 Earnings & Revenue History as at Oct 2026

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.