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First Solar Is an AI Play. The Stock Is on Pace for Highest Close in Over a Decade.

First Solar Is an AI Play. The Stock Is on Pace for Highest Close in Over a Decade.

First Solar stock surged for a second straight session Wednesday, driven higher by optimism that artificial intelligence’s demand for power will help the solar company gain market share. On Wednesday, the stock surged 16% to $246.73, on pace for its highest close since 2008 and making it the top performer in the S&P 500, according to Dow Jones Market Data. The shares had gotten a boost Tuesday from UBS, which said First Solar stands to be an AI winner.