Fluor Corporation (NYSE: FLR) is emerging as a key player in the data center development sector, recently signing a significant agreement with TeraWulf to construct a 480-megawatt facility in Kentucky, estimated to cost between $3 billion and $4 billion. With over a century of experience in infrastructure projects, Fluor has been recognized as a leader in data center construction, contributing to a growing market that saw $1 trillion in spending last year and is projected to reach $4 trillion by 2030.

The company’s urban solutions segment, which includes data centers, accounted for over 59% of its revenue in 2025, highlighting the strategic importance of this area for Fluor’s growth. Despite a recent net loss of $51 million due to litigation expenses, Fluor maintains a robust $25.5 billion backlog, indicating strong future potential.

For investors looking to diversify their exposure to the AI sector beyond traditional semiconductor stocks, Fluor presents a compelling opportunity as a construction specialist in the burgeoning data center market.

Source: fool.com