1 Artificial Intelligence-Powered Super Trend You Won't Want to Miss
Artificial intelligence (AI) has been the buzziest of buzzwords ever since ChatGPT burst on the scene in late 2022. Companies across all sectors are investing enormous sums of money to capitalize on the AI megatrend. That's driving tremendous demand for data and semiconductor chips to feed AI-enabled applications.
However, one trend that hasn't yet caught the attention of most investors is that AI needs an immense amount of power, particularly green power. That has the potential to power robust growth for renewable-energy producers and developers like Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). The company's management team highlighted this emerging demand driver for clean power on the fourth-quarter conference call.
There's an arms race in the technology sector. "Over the last 12 months," stated Stephen Gallagher, CEO of Brookfield Renewable's U.S. operations, "the race to increase computing power has been illustrated by the increase in demand for certain inputs such as computer chips." Companies need these high-powered chips made by Nvidia and others to run their AI-enabled tools. The surge in chip demand has sent semiconductor stocks soaring while also driving robust growth for leading cloud-computing companies.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 10.53% compared to the current price of 38.0 € for Brookfield Corp..
