Data Is the New Oil, and It's Powering Growth for This 7%-Yielding Dividend Stock
ENBEnbridge(ENB) The Motley Fool·2024-08-06 16:49

Enbridge is capitalizing on opportunities to supply energy to data centers.Oil has been fueling the industrial economy for over a century. It's still important today and likely will remain vital for years to come. However, the digital economy runs on a different fuel: data. Companies rely on data centers to process and store data for their cloud computing and artificial intelligence (AI) applications. And those power-hungry facilities require massive amounts of energy. That's playing right into the hands of ...