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nVent Electric plc (NYSE:NVT) is one of the best grid modernization stocks to buy for AI infrastructure.

On May 1, nVent Electric plc (NYSE:NVT) reported record first-quarter sales, orders, and backlog, with management saying infrastructure led the company’s growth due to broad-based data center demand across both gray and white space. Sales rose 53% year-over-year to $1.2 billion, while organic sales increased 34%. The company’s backlog also increased to $2.6 billion, and nVent raised its full-year 2026 outlook to 26%-28% reported sales growth and 21%-23% organic sales growth.

The story fits the grid-modernization angle because nVent’s products sit inside the electrical connection and protection layer that supports high-density data centers and utility-linked infrastructure. Its Systems Protection segment, which includes enclosures and protection systems for critical equipment, posted 76% sales growth in the quarter, including 50% organic growth. That makes nVent Electric plc (NYSE:NVT) relevant to AI infrastructure beyond servers and chips: as data centers require more power-dense facilities, they also need electrical systems that connect, protect, and organize critical power equipment safely.

nVent Electric plc (NYSE:NVT) provides electrical connection and protection solutions, including enclosures, electrical fastening systems, low-voltage power and grounding products, data center infrastructure products, thermal protection systems, and related industrial electrical solutions.

While we acknowledge the potential of NVT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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