Some Wall Street analysts expect artificial intelligence (AI) infrastructure spending to skyrocket in 2026, hitting $500 billion or more. That's a lot of money going into the AI build-out. That cash is likely to boost results at Eaton (ETN +0.26%), Texas Instruments (TXN +1.75%), and Brookfield Renewable (BEP 0.90%)(BEPC +2.44%). Here's what you need to know.
Eaton controls power
Eaton is an industrial company that makes electrical products. The core of the business is centered on the control of power, from the light switches in your house to the transformers used by utilities. Data centers are an increasingly important customer category. The company backlog is at a record level, and as 2026 gets underway, up 34% over 2024.
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The stock isn't cheap, but the company has plans to spin off its vehicle division. That should unlock value for shareholders by increasing the company's profitability and growth potential. Although the company will technically be smaller after jettisoning the vehicle division, that division is highly cyclical, is growing relatively slowly, and has lower profit margins. Now could be a good time for a deep dive, especially given the strong demand from data center-related customers.
Texas Instruments just created a new division
Texas Instruments makes chips, but not the ones that power AI. It makes simple chips that control the flow of energy and transform physical events into digital signals (think of a button push). These chips are in just about every digital device, but increasingly they are going into data centers. In fact, the company just broke out data center sales as a new business category. Data center sales rose 64% in 2025.
NASDAQ: TXN
Key Data Points
That said, Texas Instruments' overall business is still working through a broader lull in industry demand. Data centers could help change that story for the better in 2026. The company is also looking to grow in other ways as well. It recently inked a deal to buy Silicon Labs. So there are more irons in the fire to consider for long-term investors.
Brookfield Renewable already has big data center plans
Brookfield Renewable operates a global portfolio of clean energy assets. It owns assets in North America, South America, Asia, and Europe. It produces hydroelectric, solar, and wind power, with storage assets and a nuclear power services business in the mix as well. It is a one-stop shop for any company looking to use clean energy to power their AI build-out.
NYSE: BEPC
Key Data Points
Brookfield Renewable already has large deals with Microsoft and Alphabet to support their data center build-outs. The big story here, however, is likely to be the dividend. The partnership share class has a lofty 5.1% yield, while the corporate class has a yield of 3.7%. Both shares represent ownership in the same business, and they each have the same exact dividend. The yield difference is because there's more demand for the corporate shares. So either way you go, Brookfield Renewable will let you benefit from the growing demand for data centers. And, as a bonus, you'll also be able to benefit from the ongoing transition toward cleaner energy sources.
Plenty of growth ahead
If the next big step is the build-out of AI infrastructure, as Wall Street analysts seem to think, Eaton, Texas Instruments, and Brookfield Renewable are all poised to see big benefits. Eaton is more a growth story; the planned spin-off is a big pivot for the company. Texas Instruments is a growth and income tale, given that it offers a historically attractive, and well-above-market, yield of 2.5%. Brookfield Renewable is a dividend opportunity with a relatively high yield on offer from both share-class options.
