The accelerating adoption of AI has left little upside for many stocks in the space -- but others are poised to surge.

According to Bank of America, electricity demand for data centers is forecast to rise between 10% to 15% a year between now and 2030 and could make up 5% of all worldwide power demand in 2030. In order to meet growing power needs,

Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020. They’ve done so as the growing demand for artificial intelligence has driven interest in technologies that can power data centers with less emissions.

Nvidia's recent stock returns have been nothing short of phenomenal. As AI drives the need for more computing power, quarterly revenue increased by over 1,000% since 2020. Much of that came in the last two years as large tech companies spent heavily to build out data centers needed for AI applications.