Could First Majestic Silver's $12 Stock Be a Backdoor AI Play?
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Chances are that you've heard how the real fortunes from the California gold rush weren't made digging for gold. Instead, they were made by people selling picks and shovels. Today, a similar picks-and-shovels opportunity may be shaping up for the $15.7 trillion artificial intelligence (AI) revolution.Because just as the picks and shovels merchants made money no matter who found the gold, First Majestic Silver (NYSE: AG), already up 100% in recent months, could keep rising, no matter which tech company wins the AI race.AI data centers could consume as much electricity as all of Japan -- a nation of 125 million people -- by 2030, according to the International Energy Agency. This is why OpenAI CEO Sam Altman in 2024 called for an energy breakthrough to meet the surge in demand, while doubling down in June that a "significant fraction" of global electricity should be devoted to AI. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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