Tres acciones relacionadas con el crecimiento tecnológico para 2026: Aprovechar las oportunidades en la infraestructura de IA, la expansión del sector cloud y la aplicación de la IA en el ámbito comercial.

The investment case for 2026 is built on powerful, multi-year secular trends. Unlike cyclical booms, these are foundational shifts in technology that create enduring demand. The dominant themes are the massive, ongoing build-out of artificial intelligence infrastructure and the accelerating adoption of cloud computing. Together, they form a powerful tailwind for companies with scalable models and market leadership.

Artificial intelligence is a rare combination of all three types of secular growth: it's a replacement for older technologies, a foundational platform for new services, and a creator of entirely new markets. This explains the unprecedented capital flowing into the sector. The AI infrastructure market is not a fleeting hype cycle but a foundational technology with a multi-year growth cycle. It is the essential hardware and software layer that enables the next wave of applications, from generative AI to autonomous systems.

This build-out is directly fueling demand for cloud capacity. Amazon Web Services (AWS), a leader in this space, exemplifies the acceleration. The subsidiary grew by 20% in late 2025 and analysts project it could increase by 30% in 2026 as it works through a $200 billion backlog of customers. This backlog is a clear indicator of sustained, forward-looking demand. The company is investing heavily to meet it, with a $125 billion spending plan to expand its cloud infrastructure and develop new AI processors. This is a direct capital allocation to capture the AI-driven cloud growth cycle.

The broader tech sector's outperformance sets a positive backdrop for these growth stocks. Driven by AI, robotics, and machine learning, tech has consistently beaten the broader market. Over the past three years, the S&P 500 has gained 81%, but the Vanguard Information Technology ETF is up 144%. This outperformance shows the market's conviction in these trends. As we enter 2026, the thesis remains intact: technology stocks, fueled by the massive AI and cloud build-out, are positioned to continue delivering strong returns. For investors, the focus is on companies that are not just participating in these trends but are scaling their operations to capture the vast, expanding Total Addressable Market.

Stock 1: Nvidia (NVDA) - The AI Hardware Scalability Play

Nvidia's growth thesis is a masterclass in capturing a massive, expanding Total Addressable Market. The company's Data Center segment, which generated $51.22 billion in Q3 FY26, is the engine of this expansion. Representing 89.8% of total sales and growing at a staggering 66% year-over-year, it is the pure-play beneficiary of the global AI infrastructure build-out. This isn't just a cyclical upswing; it's the foundational hardware layer for a multi-year adoption cycle, with the company's $500 billion order book for 2025 and 2026 providing a clear visibility into sustained demand.

The scalability of this model is evident in the operational metrics. Revenue growth is accelerating, with the company projecting a 66% year-over-year increase to $65 billion for the current quarter. This momentum is driven by the rollout of its latest Blackwell GPU platforms, which are critical for training and inference in generative AI. The financials support this scale, with a projected gross margin of 75% indicating efficient capital utilization even as production ramps. For a growth investor, this is the ideal setup: explosive top-line growth from a dominant market position, backed by high profitability.

The path to the next major price target, however, hinges on more than just revenue. The $352 price target from Evercore ISI implies significant earnings multiple expansion. That requires Nvidia to not only meet but exceed its own aggressive growth trajectory, likely fueled by efficient capital allocation into inventory and production capacity. The company's ability to manage this expansion without diluting returns will be critical.

A primary catalyst for 2026 is the potential resumption of sales in China. Analysts estimate this market could be worth $50 billion annually, representing a substantial growth vector. The recent news that Chinese firms have placed orders for over 2 million H200 GPUs signals pent-up demand. If sales are allowed to proceed, it would reignite growth and validate Nvidia's global market penetration strategy, providing a powerful near-term catalyst to support the stock's trajectory.

Stock 2: Amazon (AMZN) - The Cloud and AI Infrastructure Expansion Play

Amazon's growth strategy for 2026 is a masterclass in capital allocation for market dominance. The company is not merely riding the cloud and AI wave; it is actively engineering the infrastructure to capture the entire expanding market. Its plan is a massive, multi-pronged investment to scale AWS into a more powerful, specialized, and secure platform.

The cornerstone of this expansion is a $125 billion spending plan to make AWS bigger and develop new processors like Trainium3. This isn't a budget line item; it's a direct bet on the AI-driven cloud growth cycle. The target is clear: analysts project AWS could grow by 30% in 2026 as it works through a $200 billion backlog of customers. This backlog provides exceptional visibility, turning future revenue into a near-term execution challenge. The investment will fund both capacity and innovation, ensuring Amazon's hardware stack remains competitive against rivals.

A critical new front is the U.S. government market. Amazon is planning a $50 billion investment to expand AI and supercomputing capabilities for federal customers, adding nearly 1.3 gigawatts of compute capacity. This is a strategic move to lock in a high-margin, long-term customer base while advancing national AI leadership. By building purpose-built infrastructure across top-secret and classified regions, Amazon is positioning itself as the indispensable cloud provider for the most sensitive workloads, further solidifying its moat.

Analysts see strong execution behind this plan. The consensus price target of $296.12 implies about 28% upside, driven by the dual engines of AI workloads and automation savings. The company is already deploying robots and AI systems in fulfillment centers, with analysts projecting automation could save nearly $7.5 billion a year by 2026. This operational leverage is key to sustaining profitability as revenue scales.

The bottom line for a growth investor is scalability. Amazon is investing at a scale that few can match, targeting a 30% growth rate in its crown jewel business. This capital is being deployed to build not just more data centers, but more specialized, secure, and efficient ones. The path to its $3 trillion valuation target by 2026 hinges on this execution. If Amazon can convert its massive investments into sustained revenue growth and market share gains, it will be a dominant force in the AI infrastructure era.

Stock 3: Palantir (PLTR) - The Commercial AI Software Scalability Play

Palantir's 2026 thesis is a clear pivot from a government-dependent model to a scalable commercial AI software powerhouse. The company is executing a high-velocity growth strategy, evidenced by its 121% year-over-year growth in U.S. commercial revenue last quarter. This acceleration is the direct result of its Artificial Intelligence Platform (AIP), which is driving a shortened sales cycle. By offering intensive "bootcamp" workshops, Palantir has compressed the typical enterprise sales cycle from six to nine months down to a few weeks, a critical lever for scaling.

The proof of this scalable model is in the deal flow. In that same quarter, the company closed 204 deals of at least $1 million in value, including 91 deals over $5 million and 53 deals of at least $10 million. This isn't just a few large contracts; it's a broad-based pipeline of mid-tier and enterprise sales, indicating the platform is gaining traction across diverse commercial sectors. For a growth investor, this is the hallmark of a product-market fit that can be replicated.

The market's conviction in this transition is reflected in analyst sentiment, with 44 Buy ratings signaling strong belief in the commercial AI scalability story. However, the path is not without risk. The stock trades at a premium valuation, and its success hinges on the sustainability of the current AI investment cycle. As noted in broader market discussions, worries over an AI bubble persist, which could pressure valuations if commercial spending softens. For Palantir, the key will be converting this explosive deal momentum into consistent, high-margin revenue growth that justifies its price.

Catalysts, Risks, and Investment Takeaways

The forward-looking catalysts for these three growth stocks are clear and aligned with the dominant secular trends. First, the ongoing AI infrastructure spending cycle is the primary engine. For Nvidia, this means continued demand for its latest GPU platforms; for Amazon, it translates to the $200 billion backlog for AWS; and for Palantir, it fuels the commercial adoption of its AI Platform. Second, successful product launches are critical. Nvidia's Blackwell rollout, Amazon's Trainium3 processors, and Palantir's intensive bootcamp workshops are all designed to accelerate sales and capture market share. Third, market share gains in cloud and AI are the ultimate prize. Amazon's $50 billion government investment and its $125 billion infrastructure plan are direct bets on expanding its cloud dominance. For Palantir, the 204 deals of at least $1 million last quarter signal a broadening commercial footprint. These catalysts create a powerful, multi-year growth trajectory for each company.

Yet a major risk looms over the entire sector: the potential for an AI infrastructure bubble. As noted in the broader market landscape, worries over an AI bubble persist. This could pressure valuations and, more critically, compress spending timelines if commercial enterprises or governments reassess their capital allocation. For a growth investor, this introduces a layer of uncertainty around the sustainability of the current investment cycle. While the companies here have strong fundamentals and clear paths, they are not immune to a broader market correction or a slowdown in AI spending.

The investment takeaway is to overweight companies with a clear path to capture a large Total Addressable Market, demonstrated scalability, and strong execution. Nvidia leads with its dominant position in AI hardware and a massive order book. Amazon exemplifies capital allocation at scale, investing $125 billion to fuel a 30% growth cycle in its core cloud business. Palantir shows the power of a scalable commercial software model, with its AIP platform dramatically shortening sales cycles to drive explosive deal growth. Each company is building a moat in a foundational technology. For 2026, the winners will be those that can convert their massive investments and order books into sustained revenue growth and market share, navigating the bubble concerns to deliver on their secular promise.