Forget Tech Stocks: This Is the AI Power Play That Wall Street Is Missing for 2026
2026-02-05 10:40:00 ET
In recent years, plenty of investors have added more and more tech stocks to their portfolios in their efforts to profit from the artificial intelligence (AI) boom. But chipmakers, hyperscalers, and AI software purveyors aren't the only investment options for those looking to benefit from this trend. As big tech companies build out massive data centers, they need huge dedicated supplies of electricity to power them. Because of that, many electric utility stocks are well positioned to profit.
Dominion Energy (NYSE: D) ranks as one of the best electric utility stocks one can buy now, particularly if the AI infrastructure boom continues at its current torrid pace.
According to the Virginia Economic Development Partnership, the state of Virginia is home to more than 35% of all known hyperscale data centers worldwide. And Dominion Energy helps power those data centers.
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