October 7, 2024
Hi Peter Anthony Hovis
We’re seeing a big trend in investments that will grow for many years to come. This trend has over $100 billion in support and is just starting to take off!
This is very different from the “cascading recession” hurting many other industries.
We’re talking about data centers.
Data centers are like the powerhouses for artificial intelligence (AI).
All the hottest new AI apps need data centers to work.
The world’s tech giants are spending a lot of money on them.
For example, Amazon has announced they will invest $10 billion in data centers. Other companies like Google, Meta, and Microsoft are also putting in billions.
But there’s a major challenge: data centers need a lot of electricity.
In a few years, data centers might use more electricity than anything else on the planet! This could be a problem for them, but it also creates a great opportunity for investors.
Energy investments have been looking good for a while, and with the rise of data centers, they look even better.
Click here to see some other AI-related areas that still have major growth ahead.
