| | | | | It’s been an absolute beast… up 600% in the past 3 years.
But there are some other energy tickers showing a lot of potential…
Because of all the power they’re supplying to Big Tech’s artificial intelligence initiatives.
Here’s the thing…
AI workloads consume a LOT of data center resources like space, power, cooling, and data/power port connections.
And all of this stuff requires ENERGY.
Lots and lots of energy.
In fact, Microsoft, which needs tremendous amounts of electricity for its growing fleet of data centers, has agreed to buy as much power as it can from CEG for 20 years.
But CEG isn’t the only energy ticker that’s benefitted from the A.I. boom.
There are several others that have already seen their stock prices soar… or look ready to pump.
It gets better.
Since we’re in an election year, that’s another catalyst that’s historically been bullish for one energy sector in particular.
It’s a “perfect storm” we get to see every 4 years, if we’re lucky.
And I believe 2024 won’t be an exception.
Of course, I don’t know with absolute certainty what’s going to happen, so I can’t guarantee gains or protect against losses.
But my biggest concern right now is that the election is less than 30 days away, so there’s not a lot of time to take action.
If you’d like to explore this idea in more detail…
And see how I plan on playing it…
You can see my analysis right here
Geof Smith
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