With AI infrastructure spending expected to reach $660-690 billion in 2026, the article recommends two "picks and shovels" plays: Micron Technology, which supplies critical high-bandwidth memory (HBM) chips for AI data centers with prices rising 75% recently, and Jabil, a data center hardware manufacturer guiding for 35% AI revenue growth to $12.1 billion. Both stocks trade at attractive valuations relative to the Nasdaq-100.

The article highlights CoreWeave and Jabil as undervalued AI stocks with significant growth potential in 2026. CoreWeave, a GPU data center provider, has experienced a 61% pullback from its 52-week high but maintains strong demand with a $55.6 billion revenue backlog growing 271% year-over-year. Jabil, a contract electronics manufacturer, is benefiting from AI infrastructure demand with projected 35% AI revenue growth to $12.1 billion in fiscal 2026. Both stocks are trading at attractive valuations relative to their growth prospects.

Jabil reported strong Q1 fiscal 2026 earnings, with 19% revenue growth and 36% core net income increase, beating analyst expectations. The company showed robust performance across multiple tech segments, particularly in intelligent infrastructure.

The global medical device contract manufacturing market is experiencing strong growth, driven by rising demand for advanced healthcare technologies, increasing chronic disease prevalence, and a shift towards outsourcing manufacturing processes. The market is expected to grow from $79 billion in 2024 to $196 billion by 2032.

Access Investment Management purchased 66,660 shares of John Wiley & Sons in Q3 2025, increasing its stake to 155,940 shares valued at $6.31 million, representing 1.7% of its U.S. equity assets under management.

The Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) market is projected to grow from USD 900.09 Billion in 2025 to USD 1,589.62 Billion by 2033, driven by increasing demand for consumer electronics, electric vehicles, and advanced manufacturing solutions.

The global In-Vitro Diagnostic (IVD) contract manufacturing market is projected to grow from USD 21.13 billion in 2024 to USD 56.9 billion by 2034, driven by increasing demand for advanced diagnostic tests and rising chronic disease prevalence.

The Contract Manufacturing and Design Services Market is projected to grow from USD 621.36 billion in 2024 to USD 1441.89 billion by 2032, driven by technological innovations like IoT, AI, and Industry 4.0, with Asia Pacific leading market expansion.

Jabil demonstrates strong Q4 2025 performance with 18.5% revenue growth, benefiting from AI and tech sector strengths in capital equipment, data center, and networking markets. The company shows robust financial health with favorable guidance and potential for significant stock price appreciation.

Multiple companies are set to report quarterly earnings, including Accenture, BlackBerry, CarMax, Jabil, and Costco, with varied expectations for performance and revenue.

Goldman Sachs predicts a 50% surge in global datacenter demand by 2027, driven by AI workloads, with power demand expected to rise 165% by 2030, creating significant infrastructure and investment challenges for tech companies.

The U.S. Dollar Index has plunged 10.5% year-to-date, marking its worst first-half performance since 1991. This decline benefits U.S. multinationals with strong international sales, as a weaker dollar increases their global competitiveness and boosts foreign revenue value.