The Anthropic IPO Is Coming Soon. These 3 Industrial Stocks Will Profit Whether You Can Get Shares or Not.
Three industrial stocks stand to gain from AI's power build-out, with no IPO allocation required to benefit from the trend.
Overview
With Anthropic's potential IPO putting the AI boom once again in the spotlight, investors are naturally looking for companies supplying the infrastructure needed to support it. GE Vernova (NYSE: GEV), Quanta Services (NYSE: PWR), and Eaton (NYSE: ETN) are three industrial stocks that could benefit from the massive spending behind AI, whether or not you get a chance to buy Anthropic shares.
Image source: Getty Images.
Training and running AI models require a lot of power, and existing grids can't deliver that electricity fast enough. This creates significant demand for power generation equipment and new grid infrastructure.
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Source
Originally published at www.fool.com.