2 Electric Grid Stocks to Buy as Soaring Artificial Intelligence (AI) Demand Drives Surging Electricity Demand

Demand for artificial intelligence (AI) capabilities is soaring. Companies are rapidly building more and larger data centers to train AI models and deploy AI applications. This buildout looks poised to go on for many years as companies race to go beyond generative AI and achieve artificial superintelligence.This buildout should power shares of AI chip and infrastructure leader Nvidia (NASDAQ: NVDA) much higher. But Nvidia won't be the only winner.It takes an enormous amount of electricity to power these AI data centers. The electric grids in the United States and select other countries will need to be significantly upgraded and expanded to support the increasing AI-related power demand. This fact strongly supports a long-term buy thesis for grid-related stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool