Investors are betting Texas Pacific Land Corp.'s huge swath of land will be key for tech giants looking for space and cheap energy to power AI data centers.

Dallas-based Texas Pacific Land Corp., which employs 100 people, has seen its stock more than triple this year, giving it a market value of almost $40 billion.

Texas Pacific Land Corp. owns nearly 900,000 acres in energy-rich West Texas, an area greater in size than Yosemite National Park.

The shale boom brought riches to Texas Pacific Land Corp. in the early aughts; today, artificial intelligence is doing the same. The Dallas-based company’s stock has surged 230 percent this year, the Dallas Morning News reported.