BlackRock and Microsoft are teaming up to raise up to $100 billion to develop data centers for AI and the energy infrastructure needed to power them — an initiative that will benefit stocks that support the buildout. That list includes Vertiv , GE Vernova, Trane and Eaton , which Jim Cramer described as "all very clear winners" of the increased spending on the fast-growing technology.
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Bangkok, Thailand, May 1, 2024.
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