Nucor (NUE), Freeport-McMoRan (FCX), Quanta Services (PWR), and ASML Holding (ASML) are among the top stocks currently trading near buy points, with all four positioned to benefit from the ongoing expansion of AI data center infrastructure. Ralph Lauren (RL) also makes the list of notable stocks approaching key technical levels. The convergence reflects how capital spending by hyperscale cloud providers — including Microsoft, Amazon, Google, and Meta — on AI infrastructure has broadened demand well beyond semiconductor manufacturers, reaching steel, copper, construction services, and chipmaking equipment.

Nucor, the largest steel producer in the United States by market capitalization, is trading just above a buy point as its post-earnings rally extends. The Charlotte, North Carolina-based company has been a key supplier of steel products for data center construction, benefiting from surging demand driven by artificial intelligence infrastructure buildouts. Data centers require significant structural steel for building frames, raised flooring, and mechanical support systems, and hyperscale facilities can exceed one million square feet of floor space.

Freeport-McMoRan, one of the world's largest copper mining companies, has recovered a key technical level and is closing in on a buy point. Copper is a critical material in data center construction, used extensively in electrical wiring, power distribution, and cooling systems. A single large-scale AI data center can require hundreds of tons of copper, and global copper demand has been tightening as electrification, renewable energy, and AI infrastructure simultaneously compete for supply. The Phoenix-based mining giant operates large-scale copper mines in North America, South America, and Indonesia.

Quanta Services, a Houston-based specialty contractor providing infrastructure solutions for the electric power, oil and gas, and telecommunications industries, has also been identified as a beneficiary of the AI data center boom. The company provides engineering, procurement, and construction services for large-scale infrastructure projects. AI data centers place substantial demands on regional power grids, often requiring new transmission lines, substation upgrades, and grid interconnection work — the type of projects Quanta specializes in for utilities across North America.

ASML Holding, the Dutch semiconductor equipment manufacturer and the world's sole producer of extreme ultraviolet (EUV) lithography machines, rounds out the AI-related names. ASML's equipment is essential for producing the advanced chips that power AI applications. The company's monopoly position in EUV lithography makes it a critical node in the global semiconductor supply chain, as leading foundries such as TSMC and Samsung rely on its machines to manufacture the cutting-edge GPUs and accelerators used in AI training and inference.

Ralph Lauren, the luxury fashion house, also appears on the watchlist of stocks near buy points, though its inclusion is not tied to the AI data center theme.

The original article was published by Investor's Business Daily and syndicated via Yahoo Finance on August 8, 2026.