3 Energy Stocks Yielding Over 4.5% to Cash in on the AI Power Boom
Artificial intelligence needs electricity; these high-yield energy companies are helping to provide it.
Overview
Elon Musk is known for making bold statements. For example, the two data centers he's setting up in Tennessee are called Colossus I and Colossus II. What's notable for energy investors is that these artificial intelligence-focused data centers are powered by natural gas, much to the ire of nearby residents due to the gas turbines' noise and pollution concerns.
But the power has to come from somewhere, which is why investors will likely find high-yield midstream giants like Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) of interest. However, even if you don't want to invest in carbon fuels, you can still find high-yield options like Brookfield Renewable Partners (NYSE: BEP). It is already working to support Microsoft's and Alphabet's AI data centers. The best part, all three have yields well over 4.5%.
Image source: Getty Images.
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Originally published at www.fool.com.