Artificial intelligence (AI) stocks have surged in 2024 on the hope that new tools will bring a new wave of innovation. But that innovation requires a lot of energy, and utilities and independent power producers may end up being the biggest winners long-term. In this video, Travis Hoium covers three energy stocks that could benefit from the AI boom in data centers.
*Stock prices used were end-of-day prices of June 24, 2024. The video was published on June 25, 2024.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Dominion Energy. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
