Three stocks to play the booming energy needs of AI data centers, according to BTIG

📆 06/06/2024 02:18 p. m.
📰 CNBC

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Core Scientific Inc,Bloom Energy Corp,Investment Strategy

Companies that can supply energy fast will benefit as data centers face a power squeeze.

The data center gold rush is still in its early innings, but the market is already grappling with a squeeze in power availability, with companies that can provide energy swiftly poised to benefit, according to

recommends Bloom Energy , Core Scientific , and has advanced 53% over the same period. Bloom can provide energy through onsite fuel cells that run on natural gas or hydrogen. The company signed a contract with Intel last month to power a data center in California. 's new price target calls for nearly 40% upside.

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