5 Best AI Enabler Stocks to Buy Now

3. Eaton Corporation plc (NYSE:ETN)

Eaton Corporation plc (NYSE:ETN) is one of the best AI enabler stocks to buy now.

The latest AI infrastructure signal came on May 5, when Eaton Corporation plc (NYSE:ETN) said Electrical Americas data center orders rose approximately 240% in the first quarter, while data center revenue increased approximately 50% from the prior-year period. The same update said Electrical Americas’ backlog grew 44% year over year, showing how demand for power systems is building alongside the AI data center cycle.

Eaton’s role is becoming more specific than general electrification. The company said it closed the Boyd Thermal acquisition and debuted its Eaton Beam Rubin DSX platform in collaboration with NVIDIA, describing it as a “grid-to-chip” power and cooling blueprint for AI factories. The platform is built around faster deployment amid power constraints, modular power and cooling, and scalable growth from megawatt-level deployments to more than 100 MW.

The manufacturing side also supports the story. On April 8, Eaton announced an investment of more than $30 million to open a 370,000-square-foot switchgear facility near Omaha, Nebraska, aimed at rising demand from AI data centers and nearly 3,000 planned or under-construction U.S. data centers.

Eaton Corporation plc (NYSE:ETN) provides intelligent power management products and services, including electrical systems, switchgear, power distribution, backup power, aerospace components, vehicle systems, and related infrastructure solutions.