My Top AI Power Stock to Buy Right Now (and It's Not Even Close)
GE Vernova remains one of the simplest ways to profit from the AI power boom.
Overview
When investors talk about the AI market, they often focus on chipmakers like Nvidia or cloud infrastructure giants like Amazon. However, those tech titans only represent part of the AI boom. Another cohort of stocks that will benefit from that secular growth will be the companies that power up those data centers.
As those data centers consume more power, the global AI in power utilities market could expand at a 19.3% CAGR from 2026 to 2034, according to Fortune Business Insights. To capitalize on that expansion, you should buy a few AI power stocks.
Details
My top choice in this booming market would be GE Vernova (NYSE: GEV), the former energy division of General Electric (NYSE: GE) that was spun off as a stand-alone company in 2024. Let's see why it's still a great buy today.
Source
Originally published at www.fool.com.