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Jensen Huang Says AI Needs "1,000 Times More Power Than We Currently Have." These 3 Industrial Stocks Will Deliver It.
['James Brumley', 'The Motley Fool', 'July', 'Min Read']
Yahoo Finance
At peak usage, this would push the domestic AI industry's consumption from just over 4% of the nation's total power output to well over 8%.
For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.
To this end, here's a closer look at three industrial names already seeing the upside of the surge in power demand.
Originally intended for utility companies, these power plants -- capable of producing anywhere from 34.5 megawatts to 571 megawatts of power -- are ideally suited to power data centers due to their scalability, ability to be throttled as needed, and relatively small footprint.
Just as important, on-premises power generation means AI data center owners/operators don't need to wait for time-consuming (and often costly) connections to a power grid.