Tech companies' AI infrastructure demands drive utility investment opportunities

CNBC April 1, 2024, 03:00 AM UTC

Summary: Tech companies are investing heavily in AI infrastructure, leading to increased power demands. Morgan Stanley's Aaron Dunn sees utilities as a lucrative investment due to AI's growing energy needs. AI servers from Nvidia alone consume as much electricity as 20 million US homes. Data centers, crucial for AI, currently use 1-2% of global electricity, with consumption projected to grow by 11% annually until 2030.

Full article

Article metrics
Significance6.1
Scale8.0
Magnitude7.5
Potential8.5
Novelty7.0
Actionability6.0
Immediacy6.5
Positivity4.0
Credibility9.0

Also covered in: