Could This Overlooked Infrastructure Stock Be the Market's Next Multibagger?

The demand for artificial intelligence (AI) compute infrastructure has been growing at a breathtaking pace as organizations and governments across the world are looking to build, customize, train, and deploy AI models to enhance productivity.According to PwC, industries with higher exposure to AI are witnessing a 3x increase in revenue per employee as compared to industries with the least exposure. A whopping $6.7 trillion is expected to be spent on data centers through 2030, with three-fourths of that going toward AI-capable data centers, according to McKinsey.Not surprisingly, companies are getting their hands on whatever AI computing capacity is available. This has led to a remarkable increase in the growth rates and revenue backlogs of cloud infrastructure providers such as Oracle, CoreWeave, Amazon, and Microsoft. These companies are spending big money to set up more AI data centers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool