While the stock market soars to record highs, one sector has been left in the dust, scraping along at rock-bottom prices: hydrogen. But what if I told you that the key to hydrogen’s resurgence lies in the unlikeliest of places – the explosive growth of artificial intelligence (AI)?
That’s right, folks. As my colleague Eric Fry points out in his recent article, “There Is Still Hope for Hydrogen Stocks – Here’s Why“, the AI-fueled data center construction boom could be the catalyst that turns the tide for the hydrogen sector.
Fry notes that “the accelerating growth of artificial intelligence is fueling unprecedented demand for the computational power and storage that data centers provide.” In fact, Goldman Sachs predicts that AI technologies will boost data center power consumption by a staggering 160% by 2030!
But here’s where it gets interesting. Instead of relying solely on traditional power sources, leading data center builders like Microsoft, Amazon, and Alphabet are exploring alternative solutions – with hydrogen fuel cells (HFCs) leading the charge.
As Fry explains, “HFCs generate electricity through a chemical reaction between hydrogen and oxygen. The only byproducts of the process are water and heat.” This not only helps these tech giants reduce their carbon footprints but also provides a superior energy solution that goes beyond mere backup power.
But the benefits don’t stop there. As more data centers adopt HFCs and green hydrogen becomes more readily available, it raises the public profile of this game-changing technology and accelerates the infrastructure buildout. It’s a virtuous cycle that could propel the hydrogen sector to new heights!
Now, I know what you’re thinking: “That’s great, but how can I profit from this trend?” Well, Fry has you covered. In his Fry’s Investment Report, he reveals a company that has already installed stationary hydrogen fuel cell systems in 3,000 locations across 46 U.S. states and 34 countries. Talk about being ahead of the curve!
So, my savvy friend, don’t let the current state of the hydrogen sector fool you. The AI revolution could be the catalyst that reignites this sleeping giant. Keep your eyes peeled and your portfolio ready – the hydrogen hope is alive and well!
P.S. Don’t miss out on Eric Fry’s top hydrogen pick – click here to learn more about joining Fry’s Investment Report today!
