Forget AI Stocks: This Industrial Winner Is Building AI's Backbone

The buildout of the artificial intelligence (AI) data centers is massive, as hyperscalers Microsoft, Meta Platforms, and Amazon have all committed to massive capital expenditures. Goldman Sachs reports hyperscalers are slated to spend $500 billion on infrastructure this year.This massive spending creates an opportunity for companies that help facilitate the buildout. One company seeing unprecedented demand is Eaton (NYSE: ETN). The company has taken steps to pivot its portfolio toward critical infrastructure aligned with megatrends in the economy and is set to ride the AI data center boom higher.Eaton provides electrical components to companies that power and ensure the smooth operations of their facilities or data centers. Its offerings include switchgears, transformers, power distribution units, uninterruptible power supplies, and energy storage solutions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool