This Boring Pipeline Stock Just Signed a Deal to Power AI Data Centers
ONEOK is starting to capitalize on the AI power megatrend.
Overview
The AI power story has been all over the news in the past year. It powered a massive run-up in nuclear energy stocks on the hope that they'll play a key role in supplying power-hungry AI data centers. Meanwhile, several utilities have signed mega deals to supply power to data centers.
However, they're not the only ones benefiting from the AI power megatrend, as even boring pipeline companies are getting in on the action. The latest is ONEOK (NYSE: OKE), which signed an agreement to supply a 1-gigawatt power plant with gas to meet data center demand. That likely won't be the last deal the pipeline stock signs to power AI.
Image source: Getty Images.
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Originally published at www.fool.com.
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