Sterling Infrastructure stock jumps 51% on AI infrastructure boom
Updated
Updated · Bloomberg · May 5
Sterling Infrastructure stock jumps 51% on AI infrastructure boom
10 articles · Updated · Bloomberg · May 5
The Houston-based civil engineering company rose as high as $799.49 in New York by 3:27 p.m., its biggest intraday gain since 1998.
Sterling lifted full-year profit and revenue guidance well above Wall Street expectations after earnings were boosted by demand tied to AI buildout.
The rally also lifted other construction and engineering firms, highlighting how investors are rewarding companies seen as beneficiaries of expanding artificial intelligence infrastructure spending.
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