By Matt DiLallo
Publication Date: 2026-02-28 12:00:00
Key Points
Nvidia‘s (NASDAQ: NVDA) stock is up over 700% in the last three years. That has absolutely crushed the S&P 500, which has gained about 70%. The semiconductor giant has cashed in on the AI boom as technology companies can’t seem to get enough of its chips.
While tech companies need Nvidia’s chips to support their AI ambitions, those semiconductors can’t run without power. That plays right into Brookfield Renewable‘s (NYSE: BEPC)(NYSE: BEP) strengths. The leading renewable energy company could outperform an investment in Nvidia in the coming years as power demand surges and chip competition intensifies.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
Image source: Nvidia.
The power player
Brookfield Renewable operates a globally diversified clean power platform. It sells the electricity it produces under long-term power purchase agreements (PPAs) with utilities and large corporations. Brookfield’s global scale, diversification, and expertise have made it the key power supplier for leading AI companies.
For example, in 2024, Brookfield signed the largest-ever corporate PPA with Microsoft at over 10.5 gigawatts (GW) of renewable power capacity. That deal was nearly eight times larger than the previous corporate PPA record. Brookfield will deliver this capacity between 2026…