Nvidia‘s (NASDAQ: NVDA) data center business is growing like crazy as the interest in artificial intelligence (AI) increases. But investors seem to be overlooking the biggest opportunity, no matter who wins in AI: energy.
In this video, Travis Hoium shows how much AI could change energy demand and who would benefit in the long term.
*Stock prices used were end-of-day prices of March 28, 2024. The video was published on March 29, 2024.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in NextEra Energy Partners. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, Microsoft, NextEra Energy, and Nvidia. The Motley Fool recommends Duke Energy and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
If Nvidia’s Unbelievable Growth Continues, These Undervalued Stocks Will Skyrocket was originally published by The Motley Fool