Texas Land Owner’s Stock Has Surged on Demand for AI Data Centers

• Texas Pacific Land Corp.’s stock has skyrocketed 198% this year as investors bet its land will be key for data center buildouts.
• The company owns 873,000 acres of land in the Permian Basin, an oil and gas hotspot in West Texas.
• Data centers require huge amounts of power, and tech giants are poised to spend billions amid the AI boom.

Texas Pacific Land Corp. has been around for over a century, but its stock is just hitting a major stride now as investors bet it will reap the gains of the artificial intelligence boom.

The landowner’s stock has surged 198% so far this year to trade at $1,593.52 per share as of midday Monday, boasting a market cap of almost $37 billion. The stock gained 14% on Friday on news that it would replace Marat