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Williams Is Powering AI—And Wall Street Is Noticing!

Williams Cos. looks like the opposite of a fashionable artificial-intelligence investment. Its core assets are pipelines, compressors, storage facilities, and natural-gas processing systems rather than semiconductors or cloud software. Yet those assets are becoming increasingly relevant as electricity-hungry data centers search for reliable power that existing grids cannot always provide quickly. Williams transports roughly one-third of the natural gas consumed in the United States each day, giving it a strategic position between gas producers, utilities, liquefied natural gas exporters, and technology companies. That position has helped its shares gain approximately 25% in 2026, ahead of several more glamorous technology names, while continuing to pay a dividend. The market has noticed, however. The stock was recently described as trading at slightly below 30 times next year’s earnings, while subsequent valuation data placed the multiple above 31 times.