2 AI Stocks You Never Saw Coming -- and They Come With Dividends
Investors looking for AI plays in the stock market probably wouldn't look at industrial manufacturers -- but there are some hidden gems for the savvy.
2 AI Stocks You Never Saw Coming -- and They Come With Dividends
Overview
The accelerating hype behind artificial intelligence (AI) is perhaps matched only by the rapid growth in demand for the computing power and electricity required to run it all. The need for energy storage and electricity for AI data centers is expanding so rapidly that local power grids are having difficulties keeping pace.
That creates opportunity. Two companies that investors might not expect are capitalizing -- and they offset some risk by having significant dividends: Caterpillar (NYSE: CAT) and Ford Motor Company (NYSE: F).
Details
While most investors associate Caterpillar with construction and mining machinery, management sees a lucrative technology opportunity developing with AI: its potential to generate a new revenue stream at higher margins than its traditional business.
Source
Originally published at www.fool.com.
