The Strangest AI Stock of 2026 Doesn't Make Chips. It Owns Land in Texas.
How does a company best known for oil royalties become one of 2026's hottest data center plays?
Overview
Texas Pacific Land (NYSE: TPL) doesn't make a single chip, write a line of code, or run a data center. It owns dirt -- about 880,000 acres of it, mostly spread across the Permian Basin of West Texas. And yet it has been one of the market's best-performing stocks of 2026, with shares up about 38% year to date, even after pulling back from a gain of about 91% at their late-February peak. That leaves the S&P 500's roughly 7% rise far behind.
So how does a land-and-royalty company become one of the year's hottest plays on artificial intelligence (AI)? And can the run last?
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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.