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AI Boom Propels Six 'Old Economy' Stocks Past $100 Billion Valuation

Several formerly overlooked companies have experienced a dramatic surge in market capitalization, exceeding $100 billion, largely due to the AI boom. These "AI Centurions" include GE Vernova, Seagate Technology, Vertiv, Western Digital, and SanDisk, which supply essential equipment like storage and cooling for AI data centers. AppLovin, an AdTech platform, also benefited significantly from AI-driven processing power. These companies have collectively seen their valuations skyrocket, outpacing the broader market and demonstrating the widespread impact of AI across various industrial sectors. AI

IMPACT Demonstrates how AI infrastructure demand is creating massive value for previously overlooked industrial and hardware companies.

RANK_REASON Article discusses multiple companies achieving significant market cap milestones due to AI, fitting the 'significant' tier for major industry moves. [lever_c_demoted from significant: ic=1 ai=0.7]

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AI Boom Propels Six 'Old Economy' Stocks Past $100 Billion Valuation

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Shawn Tully ·

    Meet the ‘AI Centurions’—6 formerly sleepy stocks that now have market caps over $100 billion

    How the AI boom has transformed six spectacular stocks.