--- title: "IREN, Nebius Emerge As Top 'AI Utility' Picks As Expert Says Next Wave Of AI Trade Is 'Industrial'" description: "As the AI boom continues, IREN Ltd. (NASDAQ:IREN) and Nebius Group NV (NASDAQ:NBIS) are highlighted as top \"AI Utility\" picks by Shay Boloor of Futurum Equities. IREN is noted for its access to the ch" type: "news" locale: "en" url: "https://longbridge.com/en/news/260897412.md" published_at: "2025-10-13T12:29:12.000Z" --- # IREN, Nebius Emerge As Top 'AI Utility' Picks As Expert Says Next Wave Of AI Trade Is 'Industrial' > As the AI boom continues, IREN Ltd. (NASDAQ:IREN) and Nebius Group NV (NASDAQ:NBIS) are highlighted as top "AI Utility" picks by Shay Boloor of Futurum Equities. IREN is noted for its access to the cheapest renewable power, while NBIS excels in efficient cooling systems. Both companies are positioned for significant growth amid rising global data center power demand, projected to quadruple by 2034. IREN shares rose 5.09% premarket, up 471.41% YTD, while NBIS increased 3.60%, with a 324.71% YTD return. Boloor emphasizes a diversified investment approach in the energy supply chain to support AI's growth. As the artificial intelligence (AI) boom continues to reshape industries, there has also been some attention on the companies that form the foundational infrastructure for powering AI, apart from the immediate buzz of AI chipmakers. ## **Top ‘AI Utility’ Picks Powering: IREN, NBIS** **Shay Boloor**, the chief market strategist at Futurum Equities, highlights that the “next wave of the AI trade’s industrial,” identifying companies like **IREN Ltd.** (NASDAQ:IREN) and **Nebius Group NV** (NASDAQ:NBIS) as prime “AI Utility” picks poised for significant growth. Boloor emphasizes that while names like IREN and NBIS have already seen substantial movement, they remain compelling buys. “You gotta think about who is building a grid that can actually run on every new data center, every GPU cluster, every additional megawatts of power,” Boloor explained, underscoring what he calls the “AI utility theme.” This surging demand isn’t speculative; it’s being “locked in through multi-year contracts from all these hyperscalers – Amazon, Microsoft, and Google.” ## **NBIS Runs ‘Most Efficient’ Cooling Systems** Digging into his specific picks, Boloor points to the unique advantages of NBIS. The company, he notes, has secured significant deals, including a “17 billion with Azure.” NBIS stands out for running “some of the most efficient cooling systems in the world” and controlling operations “from hardware design to power sourcing,” making it a critical player in the high-density computing environment AI demands. ## **IREN Has The ‘Cheapest Renewable Power’** IREN, another key “AI Utility,” earns Boloor’s conviction for its access to remarkably inexpensive power. “They also run the cheapest renewable power in the world,” he stated, highlighting costs as low as “three and a half cents per kilowatt an hour.” Furthermore, IREN is deeply integrated with the cutting-edge of AI hardware, running “tens of thousands of NVIDIA H100 class GPUs” and partnering “directly with NVIDIA on their liquid cooling rack design.” This strategic positioning at the intersection of cheap, sustainable power and advanced cooling solutions makes IREN indispensable to the escalating demands of AI. ## **Diversified Portfolio On How To Invest In AI’s Insatiable Thirst For Power** Boloor’s insights come amidst projections that global data center AI power demand is set to quadruple within the next decade, reaching an astonishing 1,500 terawatt-hours by 2034. Boloor’s comprehensive outlook extends beyond just these two companies, painting a broader picture of investment opportunities across the entire energy supply chain needed to support AI’s exponential growth. He identifies critical roles for battery storage firms like **Tesla Inc.** (NASDAQ:TSLA) and **Eos Energy Enterprises Inc.** (NASDAQ:EOSE) to stabilize grids, nuclear energy providers such as **Oklo Inc.** (NYSE:OKLO), **Nuscale Power Corp.** (NYSE:SMR), and **Constellation Energy Corp.** (NASDAQ:CEG) for clean baseload power. Also, transmission companies like **Vistra Corp.** (NYSE:VST) and South Jersey Industries for expanding the grid. Natural gas and renewables are also cited as crucial components in his diversified “AI Power” portfolio. ## **Price Action** Shares of IREN jumped 5.09% in premarket on Monday. It was up 471.41% on a year-to-date basis and 600.70% over the year. **Benzinga’s Edge Stock Rankings** indicate that IREN maintains a stronger price trend over the short, medium, and long terms, with a robust growth ranking. Additional performance details are available here. Meanwhile, Nebius was up 3.60% in premarket, with a 324.71% YTD return and 547.90% over the year. NBIS maintained a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per **Benzinga’s Edge Stock Rankings**, are available here. On Friday, the S&P 500 index ended 2.71% lower at 6,552.51, whereas the Nasdaq 100 index declined 3.49% to 24,221.75. Dow Jones also tumbled 1.90% to 45,479.60. The futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading higher on Monday. - **Short Seller Andrew Left Recalls Bet On Nebius As It Soars Over 130% In 2025: ‘Just A Pat On The Back’ From When NBIS Was At $20 Per Share** *Photo Sutthiphong Chandaeng via Shutterstock* ### Related Stocks - [NBIS.US - Nebius](https://longbridge.com/en/quote/NBIS.US.md) - [IREN.US - IREN](https://longbridge.com/en/quote/IREN.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 期權熱點｜上周五 NBIS 大漲 16%，部分看漲期權飆升 230% | 美東時間 2026-02-06，Nebius 期權總成交 102035 張，看漲期權佔比 69%，看跌期權佔比 30%。 | [Link](https://longbridge.com/en/news/275264370.md) | | 本週，“AI 顛覆一切” 的狼終於來了 | 大摩警告，市場對 AI 顛覆風險的定價呈多米諾效應：一個月內，歐洲指數面臨風險的權重從 4% 飆升至 24%。GPT-5.2 已在 71% 專業任務上達到人類專家水平，五個月前這一數字僅為 24%。建議避開易被複制的軟件與銀行股，擁抱無法被 | [Link](https://longbridge.com/en/news/275973039.md) | | 阿達尼企業通過合資企業 AdaniConneX 在納維孟買成立電力分銷公司 | 阿達尼企業通過合資公司 AdaniConneX 在納維孟買成立電力分配公司 | [Link](https://longbridge.com/en/news/275910361.md) | | 有 5000 美元？這兩隻勢不可擋的人工智能（AI）股票值得買入並長期持有 | 這裏列出的股票已經是萬億美元俱樂部的一部分，但它們在未來仍然有很大的上漲空間 | [Link](https://longbridge.com/en/news/275643898.md) | | 有電送不出！歐洲綠電年損 72 億：發電已入 AI 時代，電網為何還留在 “舊世紀”？ | 歐洲面臨清潔能源激增與電網陳舊的 “能源悖論”。由於基礎設施老化及跨境互聯受限，鉅額電力被閒置浪費，經濟損失慘重。僅在七個歐盟國家，電網瓶頸在 2024 年就導致了約 72 億歐元的可再生能源發電被迫削減。歐盟雖推出新規擬投入 1.2 萬億 | [Link](https://longbridge.com/en/news/275287018.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.