Sky-high profits: The stellar trio of US stocks surpassing the historic "Magnificent 7"
In the dynamic world of US stock market, a few names often dominate the headlines - the so-called Magnificent Seven, which includes tech giants like Apple, Amazon, and Nvidia. However, there are other stocks that are gaining attention for their ties with artificial intelligence (AI) and future power supply for data centers. Here's a look at some of these promising contenders:
Stocks Tied to AI
Palantir Technologies Inc. (PLTR)
Palantir, a prominent player in the tech sector, has been making waves with its data analytics platform. The company's stock has been one of the best performers over the past year, with a return of 461.61%[2]. Palantir's software is used by government agencies and large corporations, aligning with AI-driven applications.
CrowdStrike Holdings Inc. (CRWD)
While not exclusively an AI company, CrowdStrike uses AI in its cybersecurity solutions. It has shown strong growth, with a one-year return of 65.67%[2].
Stocks Tied to Future Power Supply for Data Centers
Vistra Corp.
Vistra is a significant player in the energy sector, focusing on renewable energy sources. Its efforts in providing sustainable power can be crucial for data centers looking to reduce their carbon footprint.
Constellation Energy (CEG)
As a leading energy company, Constellation Energy is poised to support the increasing energy demands of data centers. Its focus on nuclear energy and renewable sources makes it a promising choice for sustainable power needs.
Enel Green Power (EG)
Though not directly listed in the US, Enel Green Power is a key player in renewable energy globally, which is crucial for powering data centers sustainably.
Other Notable Stocks
Harrow, Inc. (HROW)
This stock has shown significant growth, with a 45.20% increase over 12 weeks, but it is not directly tied to AI or data center power supply[1].
Root, Inc. (ROOT)
Known for its insurance technology, Root has seen substantial growth, though it is not specifically focused on AI or data center power[1].
These stocks are gaining attention due to their potential for growth in key sectors like AI and sustainable energy, which are crucial for the future of data centers. However, it's essential to consider the broader market trends and risks, such as those highlighted by Morgan Stanley[3].
[1] Data as of 24th March 2022.
[2] Data as of 17th March 2022.
[3] Morgan Stanley, "Tech Stock Outlook 2022" (February 2022).
Financing in the tech sector has attracted investors to AI-driven companies like Palantir Technologies Inc. (PLTR) and CrowdStrike Holdings Inc. (CRWD), both of which have shown impressive growth in their respective fields. On the other hand, stocks like Vistra Corp., Constellation Energy, and Enel Green Power, with their emphasis on renewable energy, are crucial for future power supply in data centers, a sector that heavily relies on technology and artificial-intelligence.
