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A slightly less glamorous group of #Artificial Intelligence beneficiaries are getting their moment in the spotlight: the staid construction and engineering companies performing the nuts-and-bolts work of clearing sites, pouring concrete, running wiring, and designing water and HVAC systems.
Analysts and tech executives say construction work itself has become another big bottleneck in the AI buildout, putting a significant amount of negotiating leverage in the hands of the companies performing the work.
The S&P 1500 construction and engineering sub-index, a group of 16 mid-to-large cap companies, is up more than 25% in 2026 and has more than doubled over the past 12 months. (For comparison, the entire S&P composite 1500 is down slightly this year.) #The Most Important Thing
https://sherwood.news/mar..
