Artificial intelligence (AI) is a hot technology trend, with companies racing to develop AI and the necessary infrastructure. Brookfield Renewable (NYSE: BEP) is positioned to provide clean energy to support AI. Nvidia is popular for making high-powered chips for AI programs, but reliable electricity is crucial for data centers. Overbuilding in the AI space could lead to lower costs, much like the internet boom. Brookfield Renewable offers a solution with its clean energy portfolio and potential for dividend growth.
Investing in AI-related stocks can be daunting, but Brookfield Renewable offers an alternative for dividend investors. With a focus on clean energy and a track record of dividend growth, it presents an opportunity to benefit from the growth in AI infrastructure. Consider Brookfield Renewable for both its high yield and potential for dividend growth in the AI space.
Read more at Nasdaq: Is This Under-the-Radar Infrastructure Stock the Best Way to Play AI Without Buying Chips?
