Sasha Jovanovic
5 min read
Nvidia is under a harsh spotlight as allegations of AI chip smuggling, export control questions, and an internal board investigation collide with a tight regulatory mood, and that kind of pressure can shuffle where money flows in data center infrastructure and power providers. When a giant is distracted, attention often shifts. This piece walks through 3 stocks from our screener that could feel that shift, and what that might mean for your watchlist.
The three stocks that follow are only a starter set from this theme, and the fuller screen surfaced 44 more businesses with equally compelling stories that are not covered below. If you want to go beyond a short list and actively identify your own highest conviction angles in data-center infrastructure, head straight into the Global Data-Center Infrastructure and Power Providers screener
MasTec (MTZ)
MasTec plugs directly into the data center and power buildout theme, and the bearish analyst Narrative on Simply Wall St is useful because it stress tests what happens when long-term infrastructure promises meet real world execution risk.
“Although MasTec highlights record backlog tied to AI and cloud related data center work, there is a risk that customers slow or resize these projects as power availability, permitting or technology choices evolve, which could leave MasTec with underutilized capacity and pressure future revenue and EBITDA if awards are delayed or repriced.”
The key question is what happens to MasTec’s profitability if that long pipeline of high complexity work shifts in timing or mix.
MasTec is a US$15.0b infrastructure contractor focused on communications, power and energy projects that plug directly into data center and grid expansion. Most revenue comes from Clean Energy and Infrastructure at about US$6.1b, Power Delivery at US$5.2b, Communications at US$3.4b, and Pipeline Infrastructure at US$2.7b.
That timing risk is exactly why it helps to read the full narrative for MasTec, which maps how MasTec’s backlog, execution and capital choices could be decoupling.
Advanced Energy Industries (AEIS)
Advanced Energy Industries slots neatly into the data center power theme because it builds the precision power gear that keeps hyperscale computing and AI racks running, and according to John_Eric, a Simply Wall St Community investor who wrote about the stock, that role is easy to underestimate.
“Advanced Energy makes precision power-conversion equipment, a spectacularly boring sentence describing some increasingly important technology. Modern semiconductor fabs and AI data centers don’t simply plug extremely sophisticated equipment into the wall and hope the grid is having a good afternoon.”
