ECL - Ecolab: This Dividend Aristocrat Is Set To Benefit From Artificial Intelligence In A Big Way

2024-03-30 02:40:34 ET

Summary

• Ecolab, a materials stock in the specialty chemicals industry, is set to experience major growth due to AI proliferation.
• The company's expertise in water and infection prevention makes it well-positioned for the growth of data centers and semiconductor fabs.
• Ecolab's reliable cash flows and growth prospects justify its premium valuation, and it remains a top pick for long-term investors.

These days, artificial intelligence plays are all the rage.

And rightfully so. I’ve read reports written by very smart people who say that AI could rival (and even dwarf) the societal change that the internet brought along a couple of decades ago.

Nvidia’s ( NVDA ) amazing earnings/free cash flow growth during the past 24 months on the heels of its dominance of the AI-related GPU market has made quite a few investor very rich (NVDA was up 239% last year and is already up 91% on a year-to-date basis during 2024).

Super Micro Computer ( SMCI ) shares are up by more than 275% during 2024 thus far on strong AI-related sentiment....

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