Meet the Under-the-Radar Stock Quietly Powering the AI Data Center Boom
Some of your best investment prospects are names you've never heard of (although a growing number of investors have clearly heard of this one).
Overview
At first glance, it looks like just another institutional engineering and construction contractor specializing in plumbing, HVAC, and electrical work. And technically speaking, that's exactly what it is.
Nevertheless, the rapid explosion of artificial intelligence data centers is proving a boon for Comfort Systems USA (NYSE: FIX). Last quarter's top line of $3.27 million was up 50% year over year, reflecting the fact that nearly 60% of this company's business comes from the technology sector, with the lion's share of that business coming from the construction of new AI data centers.
Details
Moreover, the company's backlog grew from $12.45 billion at the end of March to $14.06 billion as of the end of June. Again, data centers are the chief driver of this future growth.
Source
Originally published at www.fool.com.