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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Stefon Walters, The Motley FoolTue, Aug 26, 2025, 2:17 PM 3 min readNvidia's stock has increased by over 940% in the past three years.In its recent quarter, Nvidia's data center revenue increased 73% year over year.Four megacap tech companies plan to increase their spending on data center infrastructure.10 stocks we like better than Nvidia ›As investors pour into artificial intelligence (AI) stocks, valuations have surged and plenty of money has been made along the way. One of the biggest winners of the recent AI boom has been Nvidia (NASDAQ: NVDA). In the past three years, the stock is up over 940%, meaning a $1,000 investment three years ago would be worth over $10,400 as of market close on Aug. 22.With Nvidia's recent stock success, some investors may be concerned that they have missed the train. However, that's far from the case, and there's one reason why: Data center spending is still ramping up.Image source: Getty Images.Nvidia's recent success has come from its role in producing data center hardware, especially its graphics processing units (GPUs). In its latest fiscal quarter, data center revenue increased by 73% year over year and accounted for nearly 89% of its total revenue. This high growth could continue as four of the biggest global companies plan to up their capital expenditures (capex), with much of it aimed at data center infrastructure.Microsoft plans to spend around $80 billion this year to build out AI-enabled data centers.Amazon's capex for the year will be well over $110 billion.Meta's capex could be up to $72 billion this year.Alphabet recently raised its spending target for the year from $75 billion to $85 billion.Of course, not all of this spending will be going into Nvidia's pockets, but it shows the huge scale of investments into AI data centers -- which Nvidia will benefit from.Before you buy stock in Nvidia, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $656,895!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,102,148!*Now, it’s worth noting Stock Advisor’s total average return is 1,062% — a market-crushing outperformance compared to 184% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,481.40 +15.46 (+0.24%)Dow 3045,565.23 +147.16 (+0.32%)Nasdaq21,590.14 +45.87 (+0.21%)Russell 20002,373.80 +15.20 (+0.64%)VIX14.85 +0.23 (+1.57%)Gold3,451.80 +18.80 (+0.55%)PortfolioSign in to access your portfolioSign inTop gainersMDB MongoDB, Inc. 295.70 +81.36 (+37.96%)SATS EchoStar Corporation 58.76 +7.89 (+15.51%)NCNO nCino, Inc. 32.69 +4.00 (+13.94%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)PCT PureCycle Technologies, Inc. 14.86 +1.26 (+9.26%)Top losersTIGR UP Fintech Holding Limited 11.57 -1.25 (-9.75%)NEGG Newegg Commerce, Inc. 60.89 -6.14 (-9.16%)LI Li Auto Inc. 22.60 -2.05 (-8.32%)KNF Knife River Corporation 82.76 -7.39 (-8.20%)SMMT Summit Therapeutics Inc. 24.81 -2.17 (-8.06%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 +0.06 (+0.50%)OPEN Opendoor Technologies Inc. 4.0200 -0.6800 (-14.47%)NVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)PSNYW Polestar Automotive Holding UK PLC 0.4700 +0.3100 (+193.75%)NIO NIO Inc. 6.34 -0.36 (-5.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 181.60 -0.17 (-0.09%)CRWD CrowdStrike Holdings, Inc. 422.61 +5.01 (+1.20%)SNOW Snowflake Inc. 200.39 +6.04 (+3.11%)HPQ HP Inc. 27.11 +0.10 (+0.37%)LUMN Lumen Technologies, Inc. 5.27 +0.58 (+12.37%)Top economic events