2 Brilliant Industrial Stocks to Buy for the AI Spending Boom
There's nothing like a solid pick-and-shovel play (or two) on the hottest tech trend of this decade.
2 Brilliant Industrial Stocks to Buy for the AI Spending Boom
Overview
When books are written about mid-2020s technology and business trends, it's a safe bet that many will present artificial intelligence (AI) as a prime example. AI is not only a buzzy topic of conversation and a useful tool for a growing number of people, but it also remains the in-demand technology for every future-forward company, no matter its business.
But powerful technology doesn't come cheap, and mountains of capital are being spent to build and expand data centers to support substantial AI compute. In the spirit of good, traditional pick-and-shovel investing, here are two industrial companies deeply involved in this activity and profiting from it -- Caterpillar (NYSE: CAT) and Vertiv Holdings (NYSE: VRT).
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Originally published at www.fool.com.
