AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend

Benzinga04-30

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 02:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ai-data-centers-drive-electricity-183741682.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ai-data-centers-drive-electricity-183741682.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQQQ","symbol_name":"纳指三倍做空ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/ai-data-centers-drive-electricity-183741682.html","article_id":"2431533846","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/AmXk44_aU9MAtaHdLYOaVw--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/ceea5a5745abcde30730d38e1ea8e5d6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431533846","pubTimestamp":1714415861,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs.In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge in U.S. power demand.The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers’ share of total US power demand to 8% by 2030, up from the current level of approximately 3%.The “U.S. power demand  likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,” Goldman Sachs highlights.Goldman Sachs has pinpointed 16 stocks rated as “buy” across various ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQQQ":"纳指三倍做空ETF","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","NVT":"nVent Electric plc","FSLR":"第一太阳能","CCJ":"Cameco Corp","XEL":"埃克西尔能源","GS":"高盛","ETN":"伊顿","SRE":"桑普拉能源","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","FLNC":"Fluence Energy, Inc.","BK4182":"重型电气设备","LU2063271972.USD":"富兰克林创新领域基金","QID":"纳指两倍做空ETF","PWR":"广达公司",".IXIC":"NASDAQ Composite","MYRG":"MYR Group","AAPL":"苹果","LU1861214812.USD":"Blackrock Future of Transport A2 USD","BK4144":"石油与天然气的储存和运输","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","BK4520":"美国基建股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SO":"美国南方公司","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0444971666.USD":"天利全球科技基金","PSQ":"纳指反向ETF","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","KMI":"金德尔摩根","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","TQQQ":"纳指三倍做多ETF","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","GEV":"GE Vernova Inc.","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","EQT":"EQT能源","NEE":"新纪元能源","BK4501":"段永平概念","BK4527":"明星科技股","BK4588":"碎股","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","CAT":"卡特彼勒"},"translate_title":"人工智能数据中心推动电力需求：高盛挑选16只股票来应对这一趋势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"XEL":1,"SRE":1,"SO":1,"PWR":1,"NVT":1,"NEE":1,"MYRG":1,"KMI":1,"GS":1,"GEV":1,"FLNC":1,"ETN":1,"CCJ":1,"EQT":1,"CAT":1,".IXIC":0.9,"FSLR":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. \nIn a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge in U.S. power demand. \nThe investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers’ share of total US power demand to 8% by 2030, up from the current level of approximately 3%.\nThe “U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,” Goldman Sachs highlights. \nAnalysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030. This demand is anticipated to be met by approximately 60% gas and 40% renewable sources. \nThe projection suggests that this trend will drive approximately $50 billion in capital investment in U.S. power generation capacity by 2030.\nGoldman Sachs has pinpointed 16 stocks rated as “buy” across various sectors, including Utility, Clean Technology, Midstream, Energy Services, Industrials, and Industrial Tech. \nThe highlighted stocks are as follows:\nPower Demand Growth Beneficiaries\n\nVertiv Holdings Plc (NASDAQ:VRT): Solid market presence in thermal cooling and power management offerings.\nNextEra Energy Inc. (NYSE:NEE): Renewable sector strategically positioned for AI data loads and available interconnection queues.\nCameco Corporation (NYSE:CCJ): Provider of clean energy storage solutions for data centers’ backup power needs.\nEQT Corporation (NYSE:EQT): Beneficiary of rising nuclear power capacity as a uranium producer and nuclear fuel supplier.\nFluence Energy Inc. (NASDAQ:FLNC): Natural gas producer poised to capitalize on heightened demand resulting from electric load expansion.\n\nPower Generation Capacity Additions\n\nXcel Energy Inc. (NASDAQ:XEL): Regulated utility exposed to power generation needs to support data center growth in Midwest Independent Transmission System Operator. \nFirst Solar Inc. (NASDAQ:FSLR): Primary manufacturer and supplier of solar panels for utility-scale solar farms across the United States.\nSouthern Company (NYSE:SO): Regionally positioned regulated utility poised to meet the escalating demand from data centers through strategic investment in generation.\nGE Vernova (NYSE:GEV): Positioned to profit from sustained growth trends as a supplier of power generation assets.\n\nPower Infrastructure Investment Needs\n\nQuanta Services Inc. (NYSE:PWR): Specialty contractor specializing in utilities construction, poised to reap rewards from increased electricity demand.\nMYR Group Inc. (NASDAQ:MYRG): Involved in data centers through transmission and distribution (T&D) projects, establishing prominence as a key player in electrical contracting.\nDBA Sempra (NYSE:SRE): Utility allocating substantial capital expenditure on T&D infrastructure to bolster the expansion of data centers in Texas.\nKinder Morgan (NYSE:KMI): The leading operator of natural gas pipelines in the United States, set to profit from the rising demand for gas-fired generation.\n\nIndustrial Supply Chain Beneficiaries\n\nEaton Corporation (NYSE:ETN): Manufacturer of electrical components poised to capitalize on the sustained increase in power demand.\nnVent Electric plc (NYSE:NVT): Key player in liquid cooling technology, forecasting double-digit business growth within the Data Solutions sector.\nCaterpillar Inc. (NYSE:CAT): Construction equipment company capable of supplying generator sets to data centers for backup power needs.\n\nAI Data Centers’ Demand Set To Triple By 2030: After experiencing relatively flat growth from 2015 to 2019, Goldman Sachs anticipates that power demand from data centers will more than triple by 2030 compared to 2020 levels. \nAccording to analyst estimates, there is an upside scenario where demand could more than double the base case, influenced partly by improvements in product efficiencies and increased demand for AI-related technologies.\n“There could be meaningful upside to our base case if appetite for purchase and utilization of servers is unconstrained,” Davenport stated. \n“There could be downside to our base case if power efficiency is higher than expected or if power/compute speed efficiencies lead to fewer servers purchased than expected,” the analyst added. \nRead now: Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch\nImage generated using artificial intelligence via Midjourney.\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431533846"}