AI data centers drive inflation up; invest in pricing power stocks like Freeport-McMoRan, Micron, and Constellation Energy.

Fed Chair Jerome Powell says AI data centers are pushing inflation higher due to increased demand for goods and services needed to build them. This suggests investors should focus on stocks with pricing power and those addressing AI bottlenecks, such as copper mining (Freeport-McMoRan), memory chips (Micron Technology), and power production (Constellation Energy). These sectors are positioned to benefit from ongoing AI infrastructure expansion and could outperform in a high-inflation environment with sustained high interest rates.