"New Era Energy & Digital ( NASDAQ:NUAI) has been one of the most successful AI stocks that you have probably never heard of. It only has a $350 million market cap, but the AI infrastructure play is up by more than 1,500% over the past six months. The tailwinds this stock enjoys suggest that it can extend its rally, especially with the resources that it already has. These are some of the reasons New Era Energy & Digital looks like a promising pick."
"New Era Energy & Digital has the same investment thesis as IREN ( NASDAQ:IREN) and Cipher Mining ( NASDAQ:CIFR). As tech companies continue to adopt AI, they will need more gigawatts that can handle AI workloads. These companies also need specifically-built AI data centers that offer access to these gigawatts. IREN and Cipher Mining have both excelled with this model. Both companies have multiple sites already built and are working on additional facilities. These AI infrastructure leaders have also signed lucrative long-term deals."
New Era Energy & Digital (NASDAQ:NUAI) is a small-cap AI infrastructure company with a roughly $350 million market capitalization and a stock rally exceeding 1,500% in six months. The company holds a land option for 3,500 acres in New Mexico equating to 7 gigawatts, plans to allocate 2 GW to natural gas and 5 GW to nuclear, and is co-developing a 1 GW AI data center in Texas. The AI compute market requires additional gigawatts and purpose-built data centers; comparable firms IREN and Cipher Mining have already built sites and secured long-term deals. Time and execution risk currently constrain valuation upside.
Read at 24/7 Wall St.
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