Five Stocks Ride Big Tech's $700 Billion AI Power Grab as Grid Strain Spreads

6 articles · Updated · MarketWatch · May 12

GE Vernova and Bloom Energy are emerging as key winners from Big Tech’s AI-driven power buildout, with five stocks highlighted as beneficiaries of the spending surge.
The shift is being driven by AI’s swelling electricity demand, which has turned power infrastructure into a bottleneck rather than a back-office cost for data centers and software companies.
That strain is now spreading beyond server farms into utility-rate filings, the balance sheets of energy-intensive industries and the cost structures of businesses built on cheap computing.
For investors, the central divide is no longer whether AI is lifting energy costs, but which companies can pass those costs through and which are positioned as gatekeepers of the AI grid.

As AI strains power grids, which 'gatekeeper' companies will profit most from the ensuing energy crisis?

Will the global power crisis halt the growth of giant AI models, forcing a pivot to energy-efficient technology?

Who should pay for grid upgrades needed for AI: tech companies, consumers, or the government?