The AI revolution is creating a new kind of infrastructure business: companies building the data centers, computing capacity, power systems, and specialized infrastructure needed to keep AI running at scale. Names like CoreWeave, Nebius, IREN, Applied Digital, and HIVE Digital are attracting attention as demand for AI computing surges, but the opportunity comes with an equally important risk—these companies must spend enormous amounts of capital before they can turn that demand into sustainable profits. For you, the real question isn't simply which company has the biggest AI contract; it's which one can finance, build, and operate the infrastructure efficiently enough to turn the AI boom into lasting shareholder value.

Markets don't wait for Monday. News breaks on a Saturday morning, and most traders can do nothing but watch.

Not on Liquid. Trade domestic and international equities, commodities, forex, crypto, and prediction markets — all from one account, 24 hours a day, 365 days a year. Liquid gives you access to any market, from anywhere, anytime. To us, access is arbitrage.

Getting started takes under 10 minutes: log in with Google, deposit with Apple Pay or a bank transfer, and trade from your phone or desktop — wherever you are in the world.

While everyone else is refreshing headlines and waiting for the open, you're already positioned. That's the difference between reacting to markets and actually trading them.

Trade 24/7 on Liquid Today

One fund offers a 41%+ distribution—but its lifetime return is nowhere close to supporting it. Another pays less than 5% yet delivers a much wider margin of safety.

A massive AI backlog can look impressive—but what happens when billions of dollars are needed just to fulfill it? This deep dive examines five AI data-center stocks and reveals which companies have the strongest advantages in computing, customer relationships, power access, and infrastructure—and which still need to prove that growth can translate into profitable returns.

Let’s embark on this transformative journey together and position your portfolio for success in this evolving market landscape!

Be sure to read through to the end to catch all the valuable insights this newsletter delivers to your inbox today.

Picture adding $500 to $TLN ( ▲ 2.78% ) stock every month and tracking the same strong rise it has shown over the past five years. The chart reveals the price moving from about $46.50 five years ago to $347.71 today. That represents a 648% total gain, which averages roughly 50% growth each year.

If the next five years follow a similar course, your dollar-cost averaging plan could deliver meaningful results. You would invest a total of $30,000 over 60 months. Based on that historical pace, your investment could grow to around $90,000 to $100,000 by the end.

This consistent buying method helps you acquire shares across different price levels, improving your average cost while staying focused on the longer upward trend. The stock recently adjusted after reaching a 52-week high of $451.28, a reminder that even stocks with strong momentum can experience short-term fluctuations.

What sets this approach apart is how straightforward it remains. You simply keep contributing the same amount each month and let time plus growth do the work. Past performance provides a helpful guide, though future results are never certain. For anyone looking to build savings through regular effort, TLN has shown the kind of upward movement that can reward patient investors who stay with the plan.

The AI boom has created a new class of companies that act almost like landlords for computing power. Instead of building AI models themselves, companies such as CoreWeave (CRWV), Nebius (NBIS), IREN (IREN), Applied Digital (APLD), and HIVE Digital (HIVE) are racing to build or provide the data-center capacity that hyperscalers and other technology companies need.

The opportunity is enormous, but so are the costs. These companies are spending heavily on data centers, GPUs, power infrastructure and cooling systems long before they can generate meaningful returns. That is why several AI infrastructure stocks have experienced sharp pullbacks after their earlier rallies. Investors are increasingly questioning whether today's spending will produce enough revenue to justify the capital being deployed.

The bigger concern is that hyperscalers are both customers and competitors. Companies such as Meta, Microsoft, Amazon and Alphabet can rent capacity from specialized providers, but they are also building their own AI infrastructure. The key question is whether third-party providers can continue to capture enough demand as hyperscalers expand their internal capacity.

For you, that means the size of an AI contract is not enough. The more important question is whether the company can actually finance and execute the infrastructure behind it.

CoreWeave remains one of the clearest pure-play AI infrastructure businesses because it was built specifically around cloud computing and AI workloads rather than pivoting from another industry.

Its major advantage is specialization, but its biggest risk is the enormous amount of capital required to keep expanding. CoreWeave is spending heavily while carrying significant debt, creating sensitivity to interest rates, infrastructure demand and the pace at which AI workloads become profitable.

That makes CRWV an important stock to watch for the entire sector. If the pure-play AI cloud model succeeds, CoreWeave could benefit substantially. If the economics begin deteriorating, it could also become an early warning signal for the rest of the industry.

Nebius offers another compelling approach because it is building an AI cloud business while developing major relationships with technology giants.

Its partnership with Meta, potentially worth billions of dollars in infrastructure commitments, gives Nebius significant demand visibility. Its relationship with NVIDIA also strengthens its access to the technology needed to expand its AI infrastructure.

The opportunity is substantial, but Nebius still has to convert those commitments into operating capacity and profitable revenue. For a busy investor, that is the number to watch: not just how large the contracts are, but how efficiently Nebius can turn them into actual business.

IREN stands out because its history in Bitcoin mining gave it access to valuable power infrastructure before AI data centers became one of the biggest electricity consumers in the technology industry.

The company is now transitioning more aggressively toward AI and high-performance computing. Its strategy combines power, data centers, GPUs and AI cloud services, giving it a potentially differentiated position.

The source article considers IREN the strongest example of a Bitcoin miner successfully making the transition into AI infrastructure. Its access to power is particularly important because obtaining new electricity capacity can take years.

That makes IREN more than an AI pivot story. Its energy position could become one of its most valuable competitive advantages.

Try Factor, America's #1 ready-to-eat meal delivery service.

Made from ingredients you recognize. Whole food. Nothing unnecessary. Let’s eat real.

Get 50% off your first Factor box + Free Breakfast for a year *1 free breakfast item per box for 1 year while subscription active.

Try Factor Now

Applied Digital has one of the largest backlogs among the companies discussed, but the source article raises an important concern: a huge backlog does not automatically mean huge shareholder returns.

The company still needs enormous amounts of capital to build the facilities required to fulfill those contracts. That creates financing and dilution risks if the cost of expansion becomes too high.

APLD has made meaningful progress, so the issue is not whether the company has demand. The real question is whether it can build enough capacity, generate revenue and maintain attractive economics without putting excessive pressure on shareholders.

For you, the lesson is simple: never evaluate a data-center stock based only on its backlog. Look at the cost of delivering that backlog.

HIVE Digital is another company attempting to transition from cryptocurrency mining toward AI and high-performance computing.

The source article is skeptical because HIVE has significant infrastructure requirements before it can become a meaningful AI provider. Its cryptocurrency background also makes the business more complicated than a pure-play AI company.

The company has since developed actual HPC initiatives and contracts, but the central question remains whether AI can become a large and profitable part of the business rather than simply another growth narrative.

That makes HIVE a higher-risk transition story compared with CoreWeave or Nebius.

The Metric That Matters Most

The biggest lesson across these five companies is that AI demand alone does not guarantee shareholder returns.

The strongest companies will need four things working together: capital, power, customers and execution.

CoreWeave has the pure-play advantage. Nebius has powerful strategic relationships. IREN has an increasingly valuable power position. Applied Digital has a substantial contracted backlog but must prove it can finance the buildout efficiently. HIVE is attempting to prove that its existing infrastructure can successfully support a meaningful AI business.

That gives you a much better framework than simply chasing whichever AI stock is making the biggest move.

As the AI infrastructure market matures, investors will increasingly care about whether companies can turn contracts into operating data centers, data centers into revenue, and revenue into sustainable cash flow.

The AI boom may continue for years, but not every company building for that boom will win. The next stage of this trade will be determined less by exciting announcements and more by execution, financing discipline and the economics of actually delivering AI computing capacity.

Ready to Revolutionize Your Wealth?

Here's what's waiting for you:

As the world becomes increasingly digital, this question will be on the minds of millions seeking new income streams in 2026.

The answer is—Absolutely!

Thank you for taking the time to read today’s email! Your support is what allows me to send out this newsletter for free every day. 

 What do you think of the new format? Please provide your feedback in the poll below, and if you find the newsletter valuable, feel free to share it with other investors!

Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.