Forget Chips: AI Is Now a Power Trade. These 2 Dividend-Paying Industrials Prove It.
NextEra Energy and OneOK are supplying power to boost the growth of AI data centers and deliver above-average dividends.
Overview
Data centers that use artificial intelligence (AI) all need one thing -- a steady power supply. That's where NextEra Energy (NYSE: NEE) and Oneok (NYSE: OKE), companies that can deliver dependable energy, come in.
NextEra Energy is the largest publicly traded electric utility by market capitalization, valued at more than $178 billion. It is a hybrid utility that mixes regulated stability with aggressive clean-energy growth.
Details
Midstream operator Oneok has more than 60,000 miles of pipelines that deliver natural gas and crude oil. Its earnings per share (EPS) compound annual growth rate is 13% over the past decade.
Source
Originally published at www.fool.com.