Elastic partners with NVIDIA to boost AI capabilities for enterprises.

From Yahoo Finance: 2025-05-20 13:34:00

In a recent article, it was reported that US President Donald Trump is taking steps to revive the coal industry in order to meet the energy demands of AI data centers. Trump signed an executive order allowing older coal-fired plants to continue generating power, despite the tech industry’s move towards renewable energy sources. However, tech companies recognize the need for fossil fuels to meet AI electricity demands and are focusing on natural gas as a cleaner alternative. Hedge funds are investing in AI stocks, with Elastic N.V. (ESTC) ranking 10th on Wall Street’s radar. Elastic recently collaborated with NVIDIA to enhance AI capabilities for enterprises.

Overall, while ESTC shows promise as an investment, other AI stocks may offer higher returns with less downside risk. For those seeking a potentially lucrative AI stock, a report on the cheapest AI stock with 100x upside potential is available. Additionally, for more information on the best AI stocks to buy now, check out other reports on trending AI stocks and stocks favored by billionaires.



Read more at Yahoo Finance: Elastic (ESTC) Supercharges NVIDIA AI Factories With Enterprise Data