Fears over hyperscalers’ massive AI spending have pushed some of the best stocks down significantly over the last several months.

But there’s one clear beneficiary of the rising capex: AI infrastructure.

This week’s pick is the perfect example. It just reported incredible Q3 results and raised Q4 guidance. Better yet, it has a backlog (future revenue) of over $550 billion.

The stock has sold off alongside the tech sector… but after the latest results, all signs point to the bottom being in.