Amazon, Palantir and 12 more top tech stock picks from UBS analysts

UBS analysts have highlighted Amazon, Palantir, and twelve other technology, media, and telecommunications names as ways to gain exposure to the ongoing AI data-center buildout. Their core argument is one of timing: the bank views the infrastructure cycle as still early, meaning the spending wave that supports AI computing — servers, networking, power, and the software that manages it — may have room to run.

The relevance for markets is that this framing shifts attention beyond chipmakers alone. A data-center buildout requires capital across multiple layers of the tech stack, so UBS's list spans companies tied to cloud platforms, data analytics, and digital infrastructure rather than a single segment. That broader view matters because AI-related revenue is showing up in different places on corporate income statements, and not every beneficiary is a semiconductor firm.

What to watch: whether hyperscaler capital-expenditure guidance keeps rising, and whether the companies named convert AI demand into measurable earnings. Investors should note that thematic stock lists reflect analyst opinions at a point in time, not guarantees, and sector concentration carries its own risks.