The boom in AI infrastructure is benefiting not only AI companies but also other businesses that help build and maintain the physical infrastructure powering the new era. Analysts on Wall Street see the stocks below as good examples to watch.
Bitdeer Technologies (BTDR)
Bitdeer Technologies is a Bitcoin mining company that has also expanded into AI. The company provides the capacity organizations need for their high-performance computing workloads.
On its website, Bitdeer says it now boasts nine global data centers. This gives the company access to a three-gigawatt energy portfolio.
Bitdeer’s shares have jumped by 27% year-to-date. However, Wall Street analysts see BTDR stock climbing by an even larger 55% over the next 12 months. This is based on an average price target of $22.11.
