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AI, Data Centers, And Big Tech Are Devouring Electricity: Jim Cramer Has 4 Favorite Utility Stocks

We have covered Jim Cramer for almost 20 years here at 24/7 Wall St., and like all opinionated Wall Street stock pundit pickers, he has had more than his fair share of home runs and some swings and misses. One thing is sure: His opinions, whether good, bad, or indifferent, do not go unheard, as he has maintained one of the most prominent bully pulpits in the financial industry for years.

Big tech companies are increasingly partnering with utility companies to secure reliable, low-carbon energy for their power-intensive data centers, notably to support the demands of artificial intelligence and cloud computing. Five of the world’s largest technology companies have already made some significant deals.

Four of Cramer’s favorite ideas are also top utility picks at 24/7 Wall St., and all are rated Buy at top Wall Street firms that we cover.

This post appeared first on 24/7 Wall St.