Investors are reevaluating big tech stocks like the “Magnificent Seven” amid concerns of overspending on AI infrastructure. Money is now flowing into companies benefiting from tech spending, such as power providers and data center owners. Industrial company Argan (NYSE: AGX) saw a 16.4% surge in shares this week due to its involvement in AI growth. With a record backlog of $3 billion, Argan offers services crucial for the rapid expansion of data centers. While its stock has soared 177% in the last year, investors should keep an eye on how tech companies utilize data center growth for potential returns.

Read more at Nasdaq Inc.: Why Argan Stock Soared This Week