Sterling Infrastructure Should Regain Momentum Soon
The 30% drop in Sterling Infrastructure does not align with its fundamentals.
Overview
The AI infrastructure boom is still in its early days. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has initiated an $84.75 billion equity capital raise "to expand AI infrastructure and compute," while Amazon (NASDAQ: AMZN) more recently issued over $25 billion in corporate bonds for AI investments.
All that money has to go somewhere, and some of it can flow into Sterling Infrastructure's (NASDAQ: STRL) coffers. The construction company has turned into a top AI data center builder, and as demand for those facilities rises, Sterling Infrastructure will continue to build on its backlog.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.