Three AI stocks positioned to benefit from continued artificial intelligence spending: Nvidia, Meta Platforms, and Amazon.

Nvidia reported 85% year-over-year growth and $81.6 billion in revenue, with expectations of $91 billion for Q2. Nvidia believes data center expenditures from AI hyperscalers will surpass $1 trillion in 2027.

Meta Platforms' Q1 revenue rose 33% year over year driven by AI improvements to its advertising business, and the stock trades at less than 19 times forward earnings—cheaper than the S&P 500 at 22.2 times forward earnings.

Amazon's AWS cloud computing business generated 59% of operating profits in Q1 with revenue accelerating 28% year over year. Amazon is spending $200 billion on data center capital expenditures this year and has already secured several clients for this new capacity.