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Buy stocks like Nvidia to cash in on the AI data center wave, Bank of America says

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The firm said there's a slew of stocks that benefit from the AI and data center trend — and they have plenty of upside.

Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. The firm said it likes companies with long-term upside potential.

Pro combed through Bank of America's research to find the best positioned buy-rated stocks. They include National Grid , Broadcom, Nvidia, Johnson Controls and Dycom Industries. Dycom Industries Analyst Alexander Waters is standing by shares of top pick Dycom. The engineering services company has a slew of positive catalysts in the pipeline, according to the firm. Waters said Dycom is a beneficiary of the government's Broadband Equity, Access and Deployment Program , which provides $42.

 

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