Jericho Energy Ventures fast-tracks AI data centre along U.S. ‘superhighway'
This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors
AI data centres will account for half of the U.S. electricity demand growth by 2030
Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19
Jericho Energy Ventures (TSXV:JEV) is leveraging its choice positioning along a major U.S. fibre 'superhighway' route to accelerate the development of its AI modular data centre project in Oklahoma.
This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors.
Jericho's management highlights the advantages of its strategically located infrastructure, which is designed to offer reliable and cost-effective AI compute power. The company's modular data centre design enables rapid deployment and expansion, catering to the flexibility and performance required by next-generation AI workloads.
'Locating our modular data centres directly on the fiber backbone gives us a speed and efficiency advantage, while our abundant energy resources allow us to offer reliable, cost-effective AI compute power,' Jericho's CEO, Brian Williamson commented in a media statement. 'Our modular data centre design enables rapid deployment and expansion, providing the flexibility and performance demanded by next-generation AI workloads.'
A report from the International Energy Agency (IEA) released earlier this month projects that AI data centres will account for half of the U.S. electricity demand growth by 2030. This surge in demand is expected to surpass the combined electricity consumption of aluminum, steel, cement, chemicals, and other energy-intensive industries. The report points to the transformative impact of AI on the energy sector, driving significant increases in electricity consumption.
Jericho recently partnered with AT&T (NYSE:T) to deploy a minimum of 10Gbps of fibre optic connectivity at its initial modular high performance AI data centre site. This installation leverages advanced data transfer protocols and is engineered to scale beyond 100Gbps to meet future demand.
By harnessing its long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, the company is deploying scalable, on-site power solutions to build these modular AI data centres. This approach can not only maximize output but also reduce waste, unlocking long-term value in the rapidly converging AI and energy markets.
Positioned at the nexus of energy and AI infrastructure, Jericho Energy Ventures Inc. is engaged in owning, operating and developing both traditional hydrocarbon joint venture assets and advancing the low-carbon energy transition, with active investments in hydrogen.
Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19 and has risen 11.43 per cent since this time last year.
Join the discussion: Find out what everybody's saying about this stock on the Jericho Energy Ventures Bullboard, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
2 hours ago
- Globe and Mail
The Smartest Artificial Intelligence (AI) Stocks to Buy With $1,000 Right Now
Key Points AI hardware investments are top picks due to the massive capital expenditures focused on AI. Cloud computing providers are benefiting from increased workloads. 10 stocks we like better than Nvidia › Artificial intelligence (AI) investing remains at the forefront of the market as companies continue to invest billions of dollars in this emerging technology. We've barely scratched the surface of what an AI-first economy looks like, and to achieve this, we'll need to build out significantly more computing capacity. This is a bullish sign for many companies in this space, and I believe four companies are particularly smart investments to make right now. So, if you have $1,000 (or any other dollar amount) available to deploy, starting with these four is a great idea. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » AI hardware: Nvidia and Taiwan Semiconductor Manufacturing On the hardware side of things, Nvidia (NASDAQ: NVDA) has been king of the AI world since the AI race began. Its graphics processing units (GPUs) are widely deployed in AI applications and have established themselves as the go-to option, with a market share of 90%. Nvidia has several bullish factors brewing, including the company reapplying for an export license to resume shipping GPUs to China, while being given assurances by the U.S. government that this license will be approved. This will help reaccelerate Nvidia's growth rate, as it projects second quarter revenue to grow 50% year over year; however, it would have been projected to grown 77% if Nvidia were allowed to sell into China during Q2. That's a massive boost and would allow Nvidia to sustain its jaw-dropping growth rate further into the future. This is a bullish sign for Nvidia's stock, underscoring that Nvidia isn't going anywhere in the AI world. NVDA Operating Revenue (Quarterly YoY Growth) data by YCharts Taiwan Semiconductor Manufacturing (NYSE: TSM) is a key supplier to Nvidia, as the company can't produce chips for its GPUs in-house. Instead, it purchases them from TSMC, the leading chip foundry. Taiwan Semiconductor has risen to the top by offering cutting-edge technology alongside best-in-class chip yields, which reduces scrap costs, leading to increased profit for TSMC and better prices for its customers. TSMC expects massive growth from AI to continue for some time. At the start of 2025, management projected that AI-related revenue would grow at a 45% compounded annual growth rate (CAGR) for five years. Chip orders are often placed years in advance, so when management tells investors that significant growth is coming, they should take notice. Both Nvidia and TSMC are poised for significant growth in the years to come, making them excellent stocks to buy now and hold for the long term. Cloud computing: Amazon and Alphabet Another industry that's benefiting from AI deployment is cloud computing. Many companies can't afford to build an expensive data center that may not be used to its full capacity, so it makes more sense to rent that computing power from a provider like Amazon (NASDAQ: AMZN) via Amazon Web Services (AWS) or Alphabet 's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google Cloud. Grand View Research found that the global cloud computing market size was around $750 billion in 2024, but that's expected to expand to $2.4 trillion by 2030. That growth is powered by both AI and non-AI workloads migrating to the cloud, and companies like Amazon and Alphabet are well positioned to profit from this trend. Each is also a critical part of its parent company's profit picture. In the first quarter, AWS accounted for 63% of Amazon's operating profits, despite comprising only 19% of total revenue. AWS is the profit driver for Amazon, and with its market-beating growth, it's slated to continue driving Amazon's stock higher. Google Cloud is still working toward AWS' impressive 39% operating margin, as it posted an 18% margin in Q1. However, it's growing faster than AWS (28% growth versus 17% growth) and could become a substantial part of Alphabet's profit picture in the coming years. Cloud computing providers, such as Amazon and Alphabet, are also benefiting from the rise of AI. With the overall cloud computing market expected to expand rapidly over the next few years, these stocks make for smart buys now. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keithen Drury has positions in Alphabet, Amazon, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Alphabet, Amazon, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Globe and Mail
10 hours ago
- Globe and Mail
These Stocks Are Skyrocketing and Are Still Solid Long-Term Buys
Key Points Nvidia stock is surging following news that it can resume chip sales to China. Microsoft can benefit tremendously from artificial intelligence (AI) integration across its products. 10 stocks we like better than Nvidia › Great businesses pursuing massive growth opportunities will see their share prices continuously hit new highs over the long term. This is why investors shouldn't be afraid to buy quality growth stocks at a new high. What matters is understanding the momentum in the business itself, and how long that growth can last. Some analysts have questioned whether the best days of the " Magnificent Seven" are over, yet Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) continue to hit new highs following strong earnings results this year. Here's why these high-flying tech stocks are still solid buys for at least the next five years. 1. Nvidia Shares of Nvidia are sitting close to new highs after the company just received welcome news. Following a meeting between CEO Jensen Huang and President Donald Trump, the U.S. government will allow Nvidia to resume sales of its H20 chip in China, unlocking billions in quarterly revenue. That said, Nvidia would have been just fine without revenue from China. Even including the China restrictions, analysts were expecting Nvidia to report $200 billion in revenue this year, for an increase of 53% over fiscal 2025 (ending in January). But resuming sales of the H20 should cause analysts to raise their near-term revenue and earnings estimates, likely sending the stock higher. The H20 is basically a watered-down version of the company's more capable H200 data center chip. Sales to China totaled $17 billion last year, or 13% of Nvidia's revenue. The H20 generated $4.6 billion in revenue in fiscal Q1 before it had to cancel shipments due to new licensing requirements for sales to China. The $2.5 billion of revenue that Nvidia left on the table in fiscal Q1 will likely be realized in fiscal Q3, adding more upside to analysts' current $45 billion revenue estimate for fiscal Q2. Nvidia's China business could grow significantly as a percentage of its total revenue over the next year. During the last earnings call with analysts, Nvidia CFO Colette Kress said the company had planned for $8 billion of H20 orders in fiscal Q2 before the restrictions took effect. This just adds more fuel to the fire for Nvidia's near-term momentum. Strong demand for its Blackwell chip should benefit Nvidia's margins and earnings in the second half of the year. Current analyst estimates call for quarterly adjusted non-GAAP (generally accepted accounting principles) earnings growth to accelerate to 47% year over year in fiscal Q2, before growing 44% in fiscal Q3, and 50% in fiscal Q4. However, these estimates likely exclude additional H20 sales, since this news just broke in the last week. While there is a lot of noise around competition with custom chipmakers, Nvidia can grow at high rates for several years. The investment in artificial intelligence (AI) infrastructure is a gigantic opportunity, large enough for multiple suppliers to do well. Nvidia is already preparing to launch the next-generation Vera Rubin chip next year, which should keep its momentum going. Looking out to fiscal 2030, analysts expect Nvidia's revenue to grow at an annualized rate of 21%, reaching $342 billion. Earnings are expected to grow slightly faster, at 23%. This lines up with Huang's expectation that Nvidia will capture a large portion of the $1 trillion in annual data center spending projected in the next four years. The stock could climb at similar rates as earnings, which makes Nvidia an excellent growth stock to buy and hold for the long term, even at its current price around $170 a share. 2. Microsoft Microsoft reported better-than-expected demand for AI services in its enterprise cloud business last quarter. As a leader in productivity software, Microsoft can benefit tremendously over the long term from AI integration across its products. It's for these reasons that the stock has skyrocketed to new highs since its fiscal Q3 earnings report in late April. Microsoft Azure is the second-leading enterprise cloud provider that continues to gain share of a growing $348 billion market, according to Synergy Research. Azure revenue grew 33% year over year last quarter, but what got investors' attention was that 16 percentage points of Azure's growth was driven by AI services. It seems every industry is embracing this revolutionary technology and doubling down on it. Microsoft sent a strong signal that the ramp in AI investment is just getting started. CEO Satya Nadella noted that the company is expanding its data center capacity, opening 10 new data centers across 10 countries. The company's AI-powered assistant, Microsoft Copilot, has attracted hundreds of thousands of corporate customers, up three times year over year in the last quarter. It is winning bigger deals for Copilot in the enterprise market, and existing customers are returning to buy more seats for their employees. Microsoft is even prepared for the next major advancement in cloud services with its range of software and development tools for quantum computing. The Azure Quantum platform has multiple leaders providing simulators and other tools for customers, including IonQ and Rigetti. Microsoft 's AI investments and leadership in software put it in a great position, which is reflected in analysts' growth estimates. Current estimates call for Microsoft to report $279 billion for fiscal 2025 ending in June, and that is expected to grow at an annualized rate of 13% over the next four years. Earnings should grow marginally faster, at a 15% annualized rate. This is enough growth to double the stock by 2029. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Globe and Mail
10 hours ago
- Globe and Mail
5 High-Yield Stock Picks to Add to Your Dividend Portfolio
Key Points Verizon and Realty Income may not offer much growth, but their ability to fund growing dividend payments is rock-solid. Pfizer struggled following the wind-down of the coronavirus pandemic, with nothing offsetting declining sales of Paxlovid. That's changing. Exchange-traded funds are an easy diversification solution for at least a portion of your dividend portfolio. 10 stocks we like better than Pfizer › Does the prospect of economic uncertainty have you rethinking your portfolio? Perhaps you'd like to collect a little more cash while the economic headwinds are blowing? It's not an unreasonable concern. Plenty of other investors are already thinking more defensively than they've felt they needed to in a while. To this end, here's a closer look at five high-yielding dividend stocks to consider adding to your portfolio sooner rather than later, until it's clear the worst is behind us. 1. Verizon Communications Dividend yield: 6.2% Verizon Communications (NYSE: VZ) is, of course, one of the country's biggest wireless service providers, boasting well over 100 million paying customers who collectively handed over nearly $135 billion worth of revenue last year alone. Of that, $18 billion was turned into net income, $11.25 billion of which was dished out to shareholders in the form of dividends. That's in line with the company's long-term norms. There is an arguable downside here. That's growth ... or lack thereof. The well-saturated U.S. wireless market doesn't offer much in the way of upside potential above and beyond simple population growth. Verizon is finding some inroads within the institutional/private 5G communications space, but that's a highly competitive market. There's just not a ton of expansion to be added here either. What Verizon may lack in growth potential, however, it more than makes up for in consistency and sheer payout. Nobody's interested in giving up their mobile phones, which supports a sizable forward-looking yield of 6.2% that's based on a dividend that has now been raised for 18 consecutive years. Not bad. 2. Realty Income Dividend yield: 5.6% Realty Income (NYSE: O) isn't a stock in the traditional sense. Rather, it's a real estate investment trust, or REIT. That just means it owns a portfolio of rent-bearing real estate. REITs trade just like ordinary stocks do, and pay dividends the same way that dividend stocks do, too. And Realty Income brings something else to the table that's pretty unique in addition to its sizable forward-looking yield of 5.6%. That's a monthly dividend payment, as opposed to the quarterly cadence you'll get with most other dividend stocks. Realty Income's specialty is retailing real estate. In light of the so-called "retail apocalypse" that seems to never end, this focus seems like a liability. Just take a step back and look at the bigger picture. While numbers from Coresight Research point out that 7,325 U.S. stores were shuttered last year, 5,970 new stores were opened (or reopened). Realty Income further narrows this gap by serving the strongest survivors in the business. Its top tenants include 7-Eleven, Dollar General, Dollar Tree, and FedEx, just to name a few. Underscoring the quality caliber of its renters is the fact that its occupancy rate currently stands at an industry-beating 98.5%, and only fell to 97.9% in COVID-crimped 2020. This resilience is one of the reasons the REIT has been able to raise its payout annually for the past 30 consecutive years. 3. SPDR Portfolio S&P 500 High Dividend ETF Dividend yield: 4.6% Speaking of dividend stocks that aren't actually stocks, add the SPDR Portfolio S&P 500 High Dividend ETF (NYSEMKT: SPYD) to your watch list, if not to your portfolio. An ETF (or exchange-traded fund) is a basket of stocks with a common characteristic. In this instance, these tickers are all part of the S&P 500 High Dividend Index, which tracks the 80 highest-yielding names within the S&P 500. These include Philip Morris, toymaker Hasbro, AT&T, and Ford Motor Company, for reference. None of these names has a great deal of growth firepower. All of them, however, are healthy dividend payers. Most of them also have a solid track record of dividend growth, even if it's not required for inclusion in the underlying index. Sure, you can probably find higher dividend yields than the one SPYD offers. The aforementioned Realty Income and Verizon both boast bigger ones, for instance. The SPDR Portfolio S&P 500 High Dividend ETF is still an incredibly simple way of achieving a well-diversified mix of dividend stocks though, with a little more potential for capital appreciation than Verizon or Realty Income offer. 4. Pfizer Dividend yield: 6.9% It's no secret that drugmaker Pfizer (NYSE: PFE) has underperformed since the wind-down of COVID-19, which upended sales of its Paxlovid approved to treat the disease. The company's top line has slipped from 2022's $100 billion to only $64 billion last year, for perspective, and analysts aren't looking for any sales growth this year or next either. That's the chief reason Pfizer shares continue to flounder. If you can look just a little further down the road though, some new blockbuster drugs are in the works -- drugs like vepdegestrant, for the treatment of ER+/HER2- metastatic breast cancer. While it will be competing with plenty of other therapies in this same space, it's noteworthy that the FDA fast-tracked this drug, which is being co-developed with Arvinas. And that's just one. Pfizer got a total of four promising oncology drugs with its 2023 acquisition of Seagen, and now has over 100 clinical trials underway, 30 of which are in phase 3 (late-stage) testing. Indeed, the company believes it's got eight oncology candidates in its developmental pipeline that could become blockbusters by 2030. Little of this long-term upside is being reflected in the stock's present price, however, even though it arguably should be. More to the point for interested income investors, this pharmaceutical stock's weakness has pushed its forward-looking dividend yield up to nearly 7% at a point where the pharma giant is on the verge of significant prolonged revenue and profit growth. 5. Global X Nasdaq 100 Covered Call ETF Dividend yield: 14% Finally, consider adding a stake in the Global X Nasdaq 100 Covered Call ETF (NASDAQ: QYLD) to your dividend portfolio. It's not a stock. It's an exchange-traded fund. And an unusual one at that. While it holds the same tickers that make up the tech-heavy Nasdaq-100 index, serving as an index fund isn't its primary purpose. Rather, this ETF's purpose is to generate reliable income that's regularly distributed to shareholders by selling covered calls against the ETF's stock holdings. It's an income-generating process called "buy-write," in fact -- you're buying a stock, and then "writing" (or selling) call options on those shares, essentially using them as collateral. And the process works. Although the income generated by writing covered calls over and over again can be erratic (don't count on that trailing 14% yield going forward), the resulting reliable yields are typically big even if they're not precisely predictable. There's also a big downside, though. That is, this fund is almost certainly guaranteed to underperform the Nasdaq-100 itself, even after factoring in all of its sizable dividend payments. That's just the nature of selling covered calls -- the strategy doesn't let you fully participate when the market's rallying the most. Writing options is just a means of monetizing stock holdings when they're mostly moving sideways, or losing ground. Still, with a double-digit yield, even only capturing a portion of the Nasdaq-100's long-term upside isn't a bad bet. It's just arguably not the only dividend-paying investment you'd want to own at any given time, mostly due to its inconsistent payments. Should you invest $1,000 in Pfizer right now? Before you buy stock in Pfizer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Pfizer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
