Along with the rise of artificial intelligence has been the growth in data centers. The former has been directly responsible for the latter’s meteoric rise.
The International Energy Agency estimates AI’s growth will cause data centers total electricity consumption to hit over 1,000 terawatt-hours (TWh) in 2026, or “roughly equivalent to the electricity consumption of Japan.”
It is an unsustainable course the industry is on, which is why investors need to use caution when playing the space. The ability to keep growing will be inhibited by the ability to provide power, which may run into a wall unless more electric power plants are built. As a result, the following two companies are the best data center stocks to buy in October.
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