economy
The unlikely corporate winners of AI
Caterpillar and Hochtief are among once-staid ‘picks and shovels’ companies lifted by the data centre boom
TL;DR
- The AI boom is driving demand for data centres.
- Traditional 'picks and shovels' companies are benefiting from this trend.
- Caterpillar and Hochtief are examples of companies being lifted by the data centre boom.