Pro Pick: Stephanie Link says this oil stock is cheap and poised to benefit from the data center boom
CNBC••business
Key Points:
- Stephanie Link of Hightower is buying shares of SLB, viewing it as a hidden beneficiary of artificial intelligence and considering the stock undervalued for 2026.
- She expects organic growth in the oilfield services industry to improve due to rising power demand linked to AI, data center expansion, and grid repair, benefiting companies like SLB.
- Link highlights SLB's strong fundamentals, including international revenue exposure (81%), double-digit growth, AI-driven digital solutions, and recent acquisition synergies from ChampionX.
- SLB's recurring revenue and expected $4 billion in shareholder returns through buybacks and dividends add to its appeal, despite the stock being down over 30% from 2023 highs.
- The stock has gained
