Freeport-McMoRan: AI Data Center Winner (Rating Upgrade)
Freeport-McMoRan(FCX) Seeking Alpha·2024-05-11 10:05
SWInsider Investment Thesis While I was cautious in my previous analysis of Freeport-McMoRan (NYSE:FCX) due to possible oversupply of copper and lower demand from China, the market will be further disrupted by the massive growth of AI data centers and the ongoing expansion of the electric vehicle (EV) sector. I believe this makes Freeport-McMoRan a strong buy for investors looking to leverage this market trend. My prior concern also centered around the impact of copper leaching technology, which in retu ...