Artificial intelligence is shining its aura on one of the most benighted corners of the stock-market. While two AI hardware firms top the S&P 500 leaderboard so far this year — Super Micro Computer Inc. and Nvidia Corp. — a close third is Constellation Energy Corp., which runs the sort of nuclear power plants that were cutting edge maybe half a century ago.

While human intelligence needs regular doses of water, snacks and sleep, the artificial kind devours electricity pretty much non-stop. Forecasts of US datacenters’ power consumption tripling by the end of the decade have sparked life into the stocks of independent power producers, or IPPs, like Constellation. Their rally heralds a profound shift in US energy, with implications extending to nuclear power, the wider grid and household electricity bills.

QOSHE - AI Sparks Life Into Left-for-Dead Energy Sector - Liam Denning
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

AI Sparks Life Into Left-for-Dead Energy Sector

6 41
22.03.2024

Artificial intelligence is shining its aura on one of the most benighted corners of the stock-market. While two AI hardware firms top the S&P 500 leaderboard so far this year — Super Micro Computer Inc.........

© Bloomberg

Get it on Google Play