Published on 27 Nov 2023 on Insider Monkey via Yahoo Finance

11 Best Infrastructure Stocks to Buy Now

In this article, we discuss the 11 best infrastructure stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Infrastructure Stocks to Buy Now.

The word infrastructure brings to mind images filled with roads, bridges, water supply mechanisms, transportation networks, and advanced manufacturing. However, in recent years, for many across the world, the definition of the word has changed. In a developed economy like the United States, where more than 90% of people have access to the internet, and high-tech services make a major contribution to local economies, development of basic infrastructure for access to these services has become of paramount importance. For example, think of the manufacture of Apple Inc. (NASDAQ:AAPL) phones, Tesla, Inc. (NASDAQ:TSLA) superchargers, and NVIDIA Corporation (NASDAQ:NVDA) semiconductor chips. 

Tech-based infrastructure is one of the key areas where the United States is lagging behind the rest of the world. China is aggressively deploying 5G towers to improve coverage, investing heavily in the manufacture of the latest chip technology, and scaling up smartphone production to expand presence in foreign markets. These developments are seen with rising concern in Washington. At the start of the Biden presidency, a $2 trillion infrastructure plan was proposed and later approved. As part of this plan, the US government pledged $650 billion for infrastructure, $620 billion for transportation, $580 billion for research and development, and $400 billion for a caretaking economy.