This Under-the-Radar AI Infrastructure Stock Just Crushed Estimates and Raised Guidance
When most investors think about the AI boom, they think about chipmakers and cloud providers. But before a data center can house a single server, someone has to prepare the site and install the electrical systems. That's where Sterling Infrastructure (NASDAQ:STRL) comes in, and demand for its work is surging. Sterling recently reported its third-quarter results, beating expectations on both the top and bottom lines and looking generally impressive throughout. Revenue rose 127% year over year to $1.56 billion, compared with the roughly $1.2 billion analysts expected. Adjusted earnings per share more than doubled to $7.58, well above the consensus of about $6.10. Image source: Getty Images. Continue reading