
The surge in artificial intelligence (AI) is significantly impacting the stock market, particularly benefiting companies linked to the oil and gas sector. Texas Pacific Land Corp., a landowner company with roots dating back to the Wild West era, has seen its stock price soar by 230% as a result of this AI boom. Analysts suggest that the integration of AI technologies is poised to enhance profitability within the oil industry, especially in the Permian Basin. The company, which was previously a defunct railroad from the 19th century, has become one of the hottest stocks in the oil sector and is now a potential new addition to the S&P 500. This remarkable rally highlights the transformative effect of AI on traditional industries, with Texas Pacific Land Corp. emerging as a prime example of this trend.

The shale boom brought riches to Texas Pacific Land Corp. in the early aughts; today, artificial intelligence is doing the same. https://t.co/Vm4wxdFaGh
The newest addition to the S&P 500 may be a relic of the Wild West, but its skyrocketing valuation is a byproduct of the AI boom. https://t.co/hzXO2VaQ3d
AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally "A Texas land company founded during the Wild West era more than a century ago is becoming an unlikely beneficiary of market euphoria over artificial intelligence." @business https://t.co/5NH4OTgsLN