AI spending is expected to grow significantly, benefiting tech companies investing in Nvidia chips

From Nasdaq: 2025-01-21 09:55:00

AI Spending Explodes: Bill Gates praises OpenAI’s ChatGPT for passing an AP Bio exam, highlighting the potential of AI. Tech giants like Meta Platforms and Microsoft are investing billions in Nvidia chips for AI supremacy. Worldwide AI spending expected to reach $632 billion by 2028, with a CAGR of 29%.

Data Center Energy Consumption Projections: US DOE predicts data center energy usage to double or triple by 2028, stressing the energy grid. President Trump declares a “National Energy Emergency” to ease regulations for energy producers. Stocks like OKLO, CEG, and BE poised to benefit from the energy sector growth.

OKLO, CEG, and BE Stocks Analysis: OKLO’s advanced nuclear technology and strong board connections make it a promising investment. CEG’s acquisition of Calpine and bullish analyst sentiment indicate growth potential. BE’s mega-deal with American Electric Power positions it for significant growth in the energy market.

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Read more at Nasdaq: Energy Consumption to Soar: 3 Stocks to Power your Portfolio