Baker Hughes Reaps Benefits from AI-Driven Data Center Expansion

Baker Hughes is undergoing an AI makeover, supplying energy infrastructure equipment to power-hungry data centers. The company's shares have surged 28% YTD amid declining oilfield services sales. Baker Hughes aims to double data center-related orders to $3 billion by 2027 and has secured contracts for up to 250 MW of power for data center sites in Georgia and Texas. The company has also pivoted toward liquid natural gas services as the US becomes a reliable LNG provider.