The PAVE ETF focuses on companies building AI infrastructure, particularly those involved in wiring and servicing data centers. It trades at a forward P/E of 22.2x, lower than the broader Industrials ETF at 26.3x, and offers higher expected earnings growth. However, risks include Texas pausing new data center approvals and other states revising tax policies, which could impact investment. The $1.3 trillion capital expenditure forecast supports growth only if the spending materializes as planned.
Quanta Services is well-positioned to benefit from rising demand for AI infrastructure and data center power, supported by strategic mergers and acquisitions. The company projects revenue between $39.3 billion and $39.7 billion for fiscal year 2026, ...
Wholesale electricity prices in PJM, the largest US power market, are forecast to rise 41% in 2026 due to increased energy demand partly driven by AI data centers and extreme weather. Quanta Services reported a matching 41.1% revenue growth in Q2 202...
