3 Non-Tech Stocks Still Winning Big on AI

Summary

The AI-driven tech boom continues, but for investors worried about potential overexposure, it can be challenging to avoid some of the biggest names in technology. Even those seeking out overlooked tech investment targets may want greater diversification into other sectors. After all, energy, industrials, and other segments of the market are also performing quite well. It's absolutely possible to build exposure to AI trends without leaning too heavily toward tech names. Companies providing data center services and equipment, including construction work, have been thriving despite not being part of the tech sector. The firms below all have the potential to continue to benefit as AI demand remains strong, but will not lead to additional direct exposure to tech.Get Powell Industries alerts:Sign Up Massive Demand Increase for Powell, But Valuation May Be a ConcernPowell Industries Inc. NASDAQ: POWL designs and builds customized power control and distribution products in addition to a range of other automation, metering, and data acquisition systems. While the firm has traditionally served customers in the energy, mining, and utilities sectors, it has increasingly focused on data center clients. Business seems to be accelerating, based on two significant projects the firm won in Q2 2026, each worth more than $75 million, and a post-quarter data center award exceeding $400 million. Powell Industries TodayPOWLPowell Industries$232.19 0.00 (0.00%) As of 07/10/2026 04:00 PM Eastern52-Week Range$68.33▼$328.00Dividend Yield0.16%P/E Ratio45.44Price Target$236.67 This should help to drive revenue growth into the future—the firm's $297 million in Q2 revenue was solid but up only about 6% year over year (YOY), so there is ample room for improvement. Gross margin fell modestly on a YOY basis, but backlog is massive at $1.8 billion (up 33% YOY). $490 million in new orders in the last quarter indicates just how much demand there is for Powell's products, and it is expanding capacity i...