Listen to Nvidia. This Little-Known, Undervalued Company Could Be a Top Artificial Intelligence (AI) Stock Pick Now

Core Insights - Nvidia reported a year-over-year revenue growth of 262% overall and 427% in the data center segment for Q1 2024, highlighting the strength of the AI boom [1][2] - CEO Jensen Huang indicated that the AI market growth is still in its early stages, with demand outpacing supply [2] - 40% of Nvidia's data center revenue is attributed to AI inference, suggesting that the generative AI market is still in its infancy [3] Industry Analysis - The power consumption of generative AI models is expected to significantly impact the electrical grid, with Goldman Sachs predicting a 160% increase in data center power demand by 2030 [4] - Utility companies, particularly Dominion Energy, are positioned to benefit from the increasing demand for power due to the growth of data centers in Virginia, which hosts 35% of hyperscale data centers globally [5][6] Company Performance - Dominion Energy has seen its stock decline by 33% over the past three years, while the S&P 500 has reached new highs, making it an attractive option for dividend-seeking investors [7][8] - The current dividend yield for Dominion is 5%, appealing to income-focused investors, especially as interest rates are expected to decrease later this year [8][9]