The surge in AI technology drives demand for energy, leading to potential opportunities in natural gas.

From Nasdaq: 2024-10-10 14:26:00

The surge in AI technology demands more energy, with data center energy needs expected to increase to 11-12% by 2030. Business leaders are exploring new solutions, turning to nuclear energy, and natural gas as potential options to power AI growth.

Microsoft’s deal to restart Three-Mile Island highlights the renewed interest in nuclear energy to meet increasing energy demands for AI. While nuclear energy shows promise, immediate power needs may be met by natural gas, the leading source of electricity in the US.

Archrock and Targa Resources are two companies positioned to benefit from the energy demands of the AI revolution. Archrock, a natural gas compression services company, offers steady growth and income potential, while Targa Resources, a midstream services provider, presents a growth opportunity in the natural gas sector.

Investors can expect both Archrock and Targa Resources to capitalize on the rising demand for natural gas driven by the AI revolution. With a focus on energy efficiency and infrastructure development, these companies are well-positioned to deliver strong returns amidst the changing energy landscape.



Read more at Nasdaq: The Next Commodity Megatrend: 2 Top Ranked Stocks to Profit