We recently compiled a list of the 13 AI News and Ratings Gaining Investor Attention. In this article, we are going to take a look at where Samsara Inc. (NYSE:IOT) stands against the other AI stocks.
As AI data centers expand, the need for reliable and scalable power sources is becoming a significant focus. Some of the major industries, including solar, natural gas, and battery storage, are expected to benefit from this transformation, with projections from experts showing that AI could significantly impact U.S. power consumption by 2030.
The Future of Energy in an AI-Powered World
At Bloomberg Invest 2025, Rob Barnett, Senior Energy Analyst at Bloomberg Intelligence, explored how solar, natural gas and battery storage could benefit from the $500 billion Stargate AI infrastructure proposal. He highlighted the growing energy demands of AI data centers, which could account for 8% to 19% of U.S. electricity consumption by 2030, depending on efficiency improvements in chips and algorithms. Barnett was initially skeptical of these projections, but his analysis ultimately confirmed that AI’s energy needs are significant and will be an important factor in shaping future power demand.
Other than AI, other factors driving electricity consumption include the resurgence of U.S. manufacturing, supported by the Inflation Reduction Act and CHIPS Act, and the continued adoption of electric vehicles. To meet this rising demand, solar power is expected to expand quickly due to its short construction timelines, which makes it an attractive option for AI-driven data centers that require quick deployment. However, because solar is intermittent, battery storage and natural gas will also play critical roles in balancing the grid. Barnett estimates that AI-related power demand alone could increase natural gas consumption by 3 to 10 billion cubic feet per day by 2030.
He added that nuclear energy has gained interest, with companies like Microsoft and Amazon securing agreements related to existing nuclear plants. However, large-scale new nuclear projects, including small modular reactors, are unlikely to contribute significantly before 2035. In the near term, the primary sources meeting the surge in electricity demand will be solar, battery storage, and natural gas, with wind energy playing a smaller role due to current policy and market dynamics.
For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 database of over 1000 hedge funds.
At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A data analyst wearing virtual reality goggles while analyzing on-board telematics.
Samsara Inc. (NYSE:IOT)
Number of Hedge Fund Holders: 40
Samsara Inc. (NYSE:IOT) provides cloud-based solutions that connect physical operations data through AI-driven IoT applications for safety, telematics, equipment monitoring, and site visibility across various industries.
On March 4, Samsara announced that FM Conway, an infrastructure services company, has improved safety across its fleet of over 1,000 vehicles by adopting Samsara’s AI-powered fleet management technology. With its workers handling complex projects in high-traffic areas, FM Conway integrated Samsara’s Connected Operations platform, including AI dash cams and Vehicle Gateways, to monitor driving behaviors and vehicle diagnostics in real time.
The initiative led to notable improvements, including reductions in speeding violations, traffic accidents, and vehicle defects, while also generating cost savings of £212,000. FM Conway’s logistics director highlighted the benefits of gaining real-time insights into driver performance and improving road safety. Samsara’s SVP and GM EMEA, Philip van der Wilt commented:
“FM Conway plays an important role in helping the nation’s infrastructure operate effectively and efficiently, and we’re proud to do our part in facilitating this crucial work. Building on a solid safety programme, Samsara has enabled FM Conway to create optimised workflows in the back office and ensure drivers on the road return home safely.”
Overall IOT ranks 9th on our list of the AI stocks that are gaining investor attention. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than IOT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
