Beneficiary of the AI boom is electricity? Get ahead and look at these companies!
$Goldman Sachs(GS)$ stated in its latest report that utility sector will be beneficial from AI boom.
The demand for electricity in data centers, which are focused on AI, is skyrocketing.
The United States may experience unprecedented growth in electricity demand.
Goldman Sachs predicts that from 2023 to 2030, the compound annual growth rate of data center power demand will reach 15%.
Similarly, the natural gas industry is gearing up for a surge driven by the increasing consumption of electricity.
The utility sector has risen by about 11% so far this year, making it the third-best performing sector year-to-date, behind only the technology and communication services sectors.
The following stocks have exposure to demand driven by AI:
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- WalterBurns·05-10I'm not sure about the AI boom benefiting the electricity sector.LikeReport