Is This Stock The Hidden AI Opportunity You're Missing?

"The AI revolution has created obvious investment opportunities in semiconductor stocks like Nvidia ( NASDAQ:NVDA ) and even those supplying the chipmakers like ASML ( NASDAQ:ASML ). But with the data center boom underway and hyperscalers like Microsoft ( NASDAQ:MSFT ) and Amazon ( NASDAQ:AMZN ) committed to spending hundreds of billions on new facilities, investors may be overlooking a hidden investment opportunity in the companies actually constructing the data centers: Fluor ( ) could be the best hidden stock to capitalize on the AI boom."

"The company organizes its work into three core segments. The largest and fastest-growing is Urban Solutions, which includes advanced manufacturing (such as chip fabs), mining, metals, and life sciences. This segment now accounts for 73% of Fluor's total backlog, reflecting strong demand in high-tech and future-focused markets. The other two segments - Energy Solutions (oil, gas, and chemicals) and Mission Solutions (government contracts for defense and environmental projects) - round out the portfolio and provide diversification."

"In the third quarter, 82% of the company's $28.2 billion backlog was reimbursable - up from earlier periods and a clear sign of disciplined contract selection. That same quarter, revenue reached $3.4 billion. Urban Solutions led the way with $2.3 billion, driven by increased activity on major mining and life-sciences projects. Energy Solutions contributed $262 million (affected by a one-time legal charge), while Mission Solutions added $761 million from steady government work."

Fluor organizes operations into Urban Solutions, Energy Solutions, and Mission Solutions, with Urban Solutions accounting for 73% of backlog and driving growth. The company relies heavily on reimbursable contracts, which shift project cost risk to clients and reduce exposure to overruns. In Q3, 82% of the $28.2 billion backlog was reimbursable, and revenue reached $3.4 billion, led by $2.3 billion from Urban Solutions. Energy Solutions and Mission Solutions contributed $262 million and $761 million respectively. Fluor serves as a major EPC provider for semiconductor facilities and stands to benefit from hyperscaler data-center spending and CHIPS-related investment.

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