Goldman Sachs names top global stocks to play the coming power boom in AI and other areas

📆 2024/05/31 01:31:00
📰 CNBC

⏱ Reading Time:
20 sec. here
10 min. at publisher
📊 Quality Score:
News: 39%
Publisher: 72%

Breaking News: Technology News

Technology,China,Goldman Sachs Group Inc

Goldman introduced its power and electricity basket of stocks, comprising 50 stocks across markets such as China, India and South Korea. Here are some of them.

The artificial intelligence boom is fueling demand for power, with many tech companies rapidly developing infrastructure as they compete for dominance. Power needs are only set to rise in the coming years, as large language models require a lot of data center capacity. Data centers house vast amounts of computing power needed for AI workloads, and are intense power-guzzling workhorses. But the need for power goes beyond data centers and other infrastructure, according to Goldman.

" China is making progress in energy self-sufficiency, which requires renewable energy systems equipped with sufficient energy storage capacities and smart grid transmission capabilities, Goldman noted. Taiwan's tech industry extends across a "comprehensive global AI supply chain," with tech manufacturers consuming a "substantial" amount of power.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs names global stocks with sustainable dividends yields — and says one will hit 10%European companies are more cash-rich than they've been in recent history. And Europe's 'rarely looked cheaper on an absolute and relative basis,' Goldman says.
Source: CNBC - 🏆 12. / 72 Read more »