These Infrastructure Stocks Could Quietly Power the AI Revolution

Technology companies are investing a substantial amount of money in hardware, processors, and memory storage to support AI. According to an estimate by McKinsey, companies need to invest a staggering $5.2 trillion by 2030 on data centers equipped to handle AI processing loads. However, technology is only part of the story. Power is quietly becoming a major factor in driving the AI revolution because AI data centers consume an enormous amount of electricity. As a result, leading energy infrastructure companies such as NextEra Energy (NYSE: NEE) and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) are emerging as leaders in powering the AI revolution.Image source: Google.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool