How Surging AI Demand Could Drive This Dividend Stock Higher

As more companies are adopting artificial intelligence (AI), cloud computing, and big data, the AI boom is causing a huge increase in energy and power demand - and the number of data centers being built to keep up. 

These data centers need a lot of electricity. The Electric Power Research Institute (EPRI) predicts that by 2030, data centers might use up to 9.1% of all electricity in the U.S., mostly because AI uses so much power. Morgan Stanley even predicts a 70% annual increase in power needs for generative AI for most of this decade.