Prediction: This Underappreciated ETF Could Be the Biggest Winner of the Next 10 Years
Companies servicing the AI energy demand boom have a lot of upside potential.
Overview
My prediction for one of the biggest winners of the next decade isn't an artificial intelligence (AI) ETF. It doesn't own Nvidia, Microsoft, or any of the semiconductor stocks. Instead, it invests in something that the AI revolution can't happen without: energy.
More specifically, uranium. That's why I like the Sprott Uranium Miners ETF (NYSEMKT: URNM). The International Energy Agency (IEA) predicts that global data center electricity consumption will increase to roughly 945 terawatt-hours in 2030. That would be more than double the demand from just six years earlier.
Details
Investors have spent the past few years searching for the companies that will dominate the AI landscape. But supplying enough electricity to power all those data centers could become an equally important investment opportunity.
Source
Originally published at www.fool.com.