Investment dynamics are shifting in the AI sector, with major profits expected to flow not just to leading tech companies, known as the Magnificent Seven, but also to suppliers in the energy sector. Devon Energy Corp. (DVN), a top producer in the Delaware Basin, is poised to benefit significantly as demand for natural gas spikes due to increased data center activity in the region.
Analysts have revised Devon’s earnings estimates for 2026 from $3.95 to approximately $5.40 per share, a nearly 37% increase. This uptick comes alongside a 26% year-to-date rise in Devon’s stock price, reflecting a more robust earnings trajectory. This change signals a potential regime shift as capital flows into more tangible, asset-backed sectors amidst evolving AI trends.
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