Want to Cash In on the AI Boom? This Top Stock Believes It's in the Best Position to Capitalize on This AI-Powered Megatrend.
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Artificial Intelligence (AI) requires tremendous amounts of computing power in the form of specialized chips to thrive. Those AI chips use a lot of energy. Many require up to five times the power of standard chips. So we're going to need a tremendous amount of electricity in the coming decades. Powering the AI revolution will take an all-encompassing approach. While renewable energy will be vital to providing clean power to AI data centers, it can't meet the massive needs alone. That's opening the door for natural gas to play a crucial supporting role in fueling AI's growth.This outlook bodes well for companies that operate extensive natural gas infrastructure, such as Energy Transfer (NYSE: ET). The leading midstream company believes it's in an optimal position to capitalize on AI-powered demand for energy. That makes it an exciting way for investors to cash in on the AI megatrend.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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