A business sector the size of Big Data usually isn’t moving as quickly as smaller sectors. More than doubling the size of a market in just five years is usually for sectors that are, at best, looking at revenue in the hundreds of millions of dollars, not hundreds of billions. Big Data is one of those foundational technologies that allows a wide variety of other tech sectors to thrive.
This also means there are plenty of companies that are working in the sectors where it has created massive growth potential, but my MegaTrend strategy is to find the most focused and dominant players that are real beneficiaries of each of the MegaTrends I’ve identified.
For example, a couple stocks that have been Big Data beneficiaries from the outset are NVIDIA (NASDAQ: NVDA) and ASML Holding NV (NASDAQ: ASML).
NVDA makes some of the most powerful graphical user interface chipsets in the world, and they lie at the very heart of delivering the kind of power and visualization that Big Data users crave.
Here’s an example of how its chip sets are built to take raw data, apply an algorithm, and deliver detailed information on current customer groups, as well as potential groups that aren’t being addressed.
Before you get these powerful chips, someone has to build the machines that make the chips. That’s where ASML comes in. It’s one of the most innovative and advanced chip equipment makers in the business. As we depend more and more upon “smart” devices (tools and equipment with chips in them), the more demand there will be for the machines ASML makes, including NVDA.
From Creator to Consumer
On the consumer side, the tech powerhouses are already waist deep in using Big Data to develop consumer tech.
Alphabet (NASDAQ: GOOG) is using it to build out its AI and ML models, as well as to help with search functionality and real-time translation applications.
Both Apple (NASDAQ: AAPL) and Meta (NASDAQ: META) are focused on building out AR and VR experiences, starting with gaming, but moving far beyond that into the much-hyped metaverse.
The Sky Is the Limit
There are also new uses that are developing in the military, as well as for large consumer retail customers, like AI-powered drone swarms who fly like a flock of birds to their targets to either deliver a package or to seek out enemy targets.
Companies as diverse as Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), AeroVironment (NASDAQ: AVAV), and Northrop Grumman (NYSE: NOC) are working diligently to leverage new ideas to create better solutions.
While Big Data has been buried under a lot of the new technologies it has spawned, it remains a powerful investment opportunity for smart, long-term investors.
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