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☆ Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Microsoft 's total carbon emissions have risen nearly 30% since 2020 primarily due to the construction of data centers, the company said in its annual sustainability report Wednesday. However, its indirect emissions — those that stem from all other activities Microsoft engages in — increased 30.9% during the same period. The increase in Microsoft's indirect emissions is largely due to the building materials and hardware components, such as semiconductors, servers and racks, used in constructing more data centers. The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints. Goldman Sachs expects natural gas to fuel 60% of the increased power demand from data centers, while renewables will power the remaining 40%.

Persons: Goldman Sachs Organizations: Microsoft Times, Microsoft, Dominion Energy, Duke Energy, Brookfield Asset Management, Brookfield Locations: New York City, Swedish

☆ Tiny backpacks reveal newfound species of the world’s largest hummingbird
▼ + stars: | 2024-05-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Now, new research has revealed that there are two distinct species of giant hummingbird in South America — the northern giant hummingbird that lives year-round in the Andes, and the migratory southern giant hummingbird — and they have been evolving separately for millions of years. A southern giant hummingbird is seen flying from its breeding grounds in central Chile. “We wanted to finally solve this mystery.”Designing backpacks for hummingbirdsGiant hummingbirds differ from hundreds of other hummingbird species in many other ways. A southern giant hummingbird is fitted with a tiny backpack-like geolocator tracking device in central Chile. “The two forms of giant hummingbird look almost identical — for centuries, ornithologists and birders never noticed that they were different.

Persons: Charles Darwin, Darwin, Chris Witt, ”, Jessie Williamson, “, ” Williamson, Emil Bautista, Williamson, Christopher Witt, birders, ” Witt, chaskis, “ I’m Organizations: CNN, HMS, National Academy of Sciences, National Science Foundation, Cornell, of Ornithology, Swifts, Centro, Biology, Museum of Southwestern, University of New Locations: New York City, Buenos Aires, South America, Chile, Ithaca , New York, Peru, Biodiversidad, Lima, Peruvian, Chilean, University of New Mexico, Inca

☆ China and India still rely heavily on coal, climate targets remain 'very difficult' to achieve
▼ + stars: | 2024-05-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

China and India have not reduced coal generation for electricity, according to a new study, making it harder for Asia's largest carbon emitters to reach their climate targets. While both Asian countries have ambitious plans to cut emissions, heavy reliance on coal — the dirtiest fossil fuel — continues to be the most reliable and affordable way of meet rising electricity demand. The highest increases came from China (+319 TWh) and India (+100 TWh), the study showed. According to the IEA, coal remains the biggest energy source for electricity generation, supplying more than one-third of global electricity. "It will be very difficult to meet targets without a rapid face down in coal.

Persons: Francis Johnson Organizations: Global, Stockholm Environment Institute's Asia Locations: China, India, Stockholm

☆ I pay $1,450 a month to live on a houseboat in Toronto—'the best decision I ever made': Take a look inside
▼ + stars: | 2024-05-14 | by ( Kate Fincham | ) www.cnbc.com time to read: +6 min

Buying a houseboat: 'It felt like the perfect place for me'I visited one of the houseboats the following week. Moving aboard: 'The best decision I ever made'Going straight into a Canadian winter as a houseboat novice is generally considered a poor decision. Three years later, I regard buying my houseboat as the best decision I ever made. Courtesy of Kate FinchamMy bathroom has a typical residential toilet (which flushes into a holding tank below) and a bathtub. This area acts as my living room, dining room, and office, and features a wood stove and sliding glass doors that exit onto my back deck.

Persons: I've, I'd, Kate, Kate Fincham, Charlie, Finn, it's Organizations: Swans, Insurance Locations: Toronto

☆ 4 reasons why the S&P 500 has another 5% upside this year, UBS says
▼ + stars: | 2024-05-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The ongoing S&P 500 rally could extend to 5,500 this year, UBS said. Tech earnings have remained strong, with ex-Mag 7 tech firm profits revised 7% higher since March. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWith last month's equity jitters already quashed, the ongoing rebound is the start of an extensive summer rally, UBS said. According to a note published Tuesday, the S&P 500 could reach the firm's upside scenario of 5,500 by this year's end.

Persons: Disinflation, —, Marcelli, That's Organizations: UBS, Tech, Service, Global Wealth Management, Microsoft, Nvidia, Apple

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

☆ I studied to be a surgeon, but I became an electrician instead. I have no regrets.
▼ + stars: | 2024-05-13 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Lexis Czumak-Abreu, a 27-year-old electrician in New York state. But now I work as an electrician. I did an apprenticeship with an electrician company in 2015 and kept up electrician jobs on the side when I needed money for my family. I became a full-time electrician instead of continuing in medicineI could no longer work as a personal trainer under the COVID-19 restrictions. I'm happy where I am and excited to move into working with even higher voltage in the future.

Persons: —, Lexis, Abreu, I'm, I've, haven't Organizations: Service, Business Locations: New York

☆ Violent Unrest Over Economic Strife Erupts in Pakistan’s Kashmir Region
▼ + stars: | 2024-05-13 | by ( Salman Masood | ) www.nytimes.com time to read: +1 min

Vast protests have broken out in the Pakistan-controlled part of Kashmir, driven by outrage over soaring electricity bills and flour prices in a region that has long suffered economically because of its status as a conflict zone. In an attempt to quell the growing unrest — which has led to a widespread strike and left one police officer dead and 90 injured — Prime Minister Shehbaz Sharif called an emergency meeting for Monday in Islamabad, the Pakistani capital. As protesters planned to march this week to Muzaffarabad, the regional capital, the authorities suspended internet service in many areas and shut down schools in the city. “I have never seen such a large-scale uprising in Pakistan-administered Kashmir,” said Mubashar Naqvi, a Muzaffarabad resident and a teacher at the University of Azad Jammu and Kashmir. “This protest is unique because it unites people from all walks of life in demanding basic necessities.”

Persons: Shehbaz Sharif, ”, Mubashar Naqvi Organizations: —, Monday, University of Azad Locations: Pakistan, Kashmir, Islamabad, “, University of Azad Jammu

Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ Facing an Endless Barrage, Ukraine’s Air Defenses Are Withering
▼ + stars: | 2024-05-13 | by ( Josh Holder | Constant Méheut | ) www.nytimes.com time to read: +13 min

Facing an Endless Barrage, Ukraine’s Air Defenses Are WitheringThis is what a year of Russian missile strikes on Ukraine looks like. Ukrainian air defenses used to intercept most missiles, but in recent months, more and more have made it through. Ukraine has made increasingly desperate pleas for more air defenses from its Western allies. But it could be months before enough weapons arrive to significantly bolster Ukrainian air defenses. Ukrainian air defenses downed the first seven — but had no choice but to let the next four pass, he said.

Persons: Jan, Volodymyr Zelensky, “, ”, Tom Karako, Maj, Ilya Yevlash, Konrad Muzyka, Odesa, Yevlash, Justin Bronk, Mr, Bronk, Barber Organizations: Russian, New York Times, Ukrainian Air Force, Patriot, United, Kremlin, PBS, Missile Defense, Center for Strategic, International Studies, Ukrainian Air, Patriots, Rochan Consulting, Kyiv Kharkiv Dnipro Odesa, Kyiv Kharkiv Dnipro Odesa Kyiv, Kyiv Kharkiv Dnipro Kyiv, Royal United Services Institute Locations: Russian, Ukraine, Russia, United States, Kyiv, Ukrainian, Washington, Poland, Dnipro, Zaporizhzhia, Kharkiv, Odesa, Dnipropetrovsk, Texas, London

☆ Opinion | Electricity Demand Is Surging. Let’s Not Fry the Planet in Response.
▼ + stars: | 2024-05-13 | by ( Jonathan Mingle | ) www.nytimes.com time to read: +1 min

Electric utilities from Georgia to Wisconsin to Virginia are predicting a dizzying surge in power demand from new industrial facilities, electric vehicles and, most of all, the data centers that store our digital photos and will enable large-language models for artificial intelligence. For months now, they have been signaling that they won’t be able to keep up. To keep the lights on, many utility companies are proposing to build dozens of new power plants that burn natural gas. North Carolina-based Duke Energy alone wants to add 8.9 gigawatts of new gas-fired capacity — more than the entire country added in 2023. But to get there, legislators will need to overhaul the incentives driving utilities to double down on natural gas, so that they can turn a profit without cooking the planet.

Persons: Biden Organizations: Duke Energy Locations: Georgia, Wisconsin, Virginia, North Carolina

☆ New Rules to Overhaul Electric Grids Could Boost Wind and Solar Power
▼ + stars: | 2024-05-13 | by ( Brad Plumer | ) www.nytimes.com time to read: +1 min

Federal regulators on Monday approved sweeping changes to how America’s electric grids are planned and funded, in a move that supporters hope could spur thousands of miles of new high-voltage power lines and make it easier to add more wind and solar energy. The new rule by the Federal Energy Regulatory Commission, which oversees interstate electricity transmission, is the most significant attempt in years to upgrade and expand the country’s creaking electricity network. A big reason for the slow pace of grid expansion is that operators rarely plan for the long term, the commission said. The nation’s three main electric grids are overseen by a patchwork of utilities and regional grid operators that mainly focus on ensuring the reliability of electricity to homes and businesses. When it comes to building new transmission lines, grid operators tend to be reactive, responding after a wind-farm developer asks to connect to the existing network or once a reliability problem is spotted.

Organizations: Federal Energy Regulatory Commission

☆ AI hype is lifting these dividend payers. These names may actually benefit, Wells Fargo says
▼ + stars: | 2024-05-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The growth of AI data centers could drive as much as 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. That's where natural gas enters the picture, as tech companies look for power that can back up their use of renewable energy sources. "And that doesn't include the anticipated substantial increase in gas demand from power associated with AI and data centers," she added. Williams is rated a hold by about 56% of the analysts covering the stock, per LSEG, including Wells Fargo. TC Energy is another name that Wells Fargo highlighted as a beneficiary from the data center trend.

Persons: Kinder Morgan, Kimberly Dang, Michael Blum, Williams Cos, Blum, Williams, Wells, Stanley Chapman, Chapman Organizations: Wells, TC Energy, Canadian Locations: Wells Fargo, U.S, That's, Mexico, Wells, Virginia

☆ How an Obscure Agency Became a Linchpin for Climate Policy
▼ + stars: | 2024-05-13 | by ( Lisa Friedman | ) www.nytimes.com time to read: 1 min

The Federal Energy Regulatory Commission may be the most important climate agency you’ve never heard of. Responsible for overseeing interstate transmission of gas, oil and electricity, the independent agency could help determine how much wind, solar and other renewable energy moves from engineering plans onto the nation’s electric grids and into homes and businesses. On Monday the commission approved long-awaited changes that require grid operators around the country to plan 20 years into the future, taking into account changes in the energy mix, the growing number of states that have policies requiring wind and solar power, as well as the risks that extreme weather poses to reliability.

Persons: you’ve Organizations: Federal Energy Regulatory

☆ A 62-year-old boomer without a college degree can't land a higher-paying job — and she doesn't see herself ever being able to fully retire
▼ + stars: | 2024-05-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

She anticipates having to work part-time in retirement to supplement Social Security. And I was always counting on Social Security, knowing I can't live on it only, but I just thought it would be more than what it's going to be." Crystal has just over $70,000 in savings, according to documents verified by BI, and she anticipates getting around $1,200 a month in Social Security. AdvertisementIt means that a lot of them will primarily rely on Social Security — and the program is projected to no longer be able to pay out full benefits by 2035 unless Congress intervenes. Related storiesCrystal said that with all of her daily expenses, her finances are strained, and she doesn't think she'll ever be able to fully retire.

Persons: didn't, —, Crystal —, that's, she's, She's, I've, Crystal, they're, Diane Senffner, Senffner, — Crystal, I'm Organizations: Social, Service, Business, Social Security, BI, AARP, Alliance, Lifetime, Security, Bills, Wall, Walmart

Bill Nye the CNNThe massive solar storm could present “a real danger,” especially with the modern world relying so much on electricity, according to Bill Nye the Science Guy, a science educator and engineer. In comparison to tonight's event, Nye drew comparisons with another incident in 1859, known as the Carrington Event, when telegraph communications were severely affected. “The other thing, everybody, that is a real danger to our technological society, different from 1859, is how much we depend on electricity and our electronics and so on,” Nye said. "None of us really in the developed world could go very long without electricity." He noted that there are systems in place to minimize the impact, but “stuff might go wrong,” stressing that not all transformers are equipped to withstand such a solar event.

Persons: Bill Nye, Science Guy, Nye, ” Nye Organizations: CNN, Science

☆ Jacob Zuma, Once Leader of the A.N.C., Becomes Its Political Rival
▼ + stars: | 2024-05-10 | by ( Lynsey Chutel | Joao Silva | ) www.nytimes.com time to read: 1 min

Jobless graduates, struggling business owners and army veterans marched through the eastern South African city of Pietermaritzburg this week, chanting the name “Jacob Zuma.”The 500 or so demonstrators brought to a standstill parts of the city, in KwaZulu-Natal Province — the traditional stronghold of Mr. Zuma, a past president of both South Africa and the African National Congress, the party that governed the country for three decades. Demanding water and electricity, the protest over commonplace local concerns was also a show of power for the new political party that Mr. Zuma now leads — uMkhonto weSizwe, or M.K. — with the hope of eroding the dominant position of his former allies. “We are going to have to fight for things to change,” said Khumbuzile Phungula, 49, who joined the march after her neighborhood went weeks without water. is all about change.”

Persons: “ Jacob Zuma, ”, Zuma, — uMkhonto, Khumbuzile Phungula Organizations: African National Congress Locations: African, Pietermaritzburg, KwaZulu, Natal Province, South Africa

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. Oklo's business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. "I don't see a way for us to get there without nuclear," Altman told CNBC in 2023. It's not Altman's only foray into nuclear energy or other infrastructure that could power large-scale AI growth.

Persons: Sam Altman, Altman, Oklo, Bill Gates, Jeff Bezos, Jacob DeWitte, hasn't, we've, DeWitte, It's, Helion, OpenAI Organizations: Economic, New York Stock Exchange, AltC, U.S . Air Force, Microsoft, Amazon, CNBC, U.S . Nuclear Regulatory Commission, NRC, DeWitte, Nvidia Locations: Davos, Switzerland, Idaho, OpenAI's San Francisco, U.S, Saudi Aramco, Rain

☆ Starbucks should take a page from McDonald's to get customers back in its stores
▼ + stars: | 2024-05-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Financials also did well, with Club stocks Morgan Stanley and Wells Fargo trading at new 52-week highs. Portfolio name Starbucks should take a page out of this book, lowering its price of coffee and food to attract more customers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, they've, Lael Brainard, Financials, Morgan Stanley, Wells, McDonald's, Cramer, Jim Cramer's, Jim, Robert Gauthier Organizations: CNBC, University of Michigan Survey, National Economic Council, Club, Bloomberg, Starbucks, Disney, Comcast, Hulu, Jim Cramer's Charitable, McDonalds, Rte, Los Angeles Times, Getty Locations: Wells Fargo, United States, Azusa , CA

☆ Protesters attempt to storm Tesla’s factory in Germany
▼ + stars: | 2024-05-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —As many as 800 activists gathered outside Tesla’s factory near Berlin Friday to protest its expansion plans, and some of them clashed with police as they attempted to break into the plant. According to Reuters, some of the protesters attempted to storm the factory. Police officers stand in front of activists protesting against the expansion of the Tesla factory near Berlin, Germany on May 10, 2024. Christian Mang/ReutersTesla shut the factory Friday to all employees in anticipation of crowds gathering outside in protest against the planned expansion. A police officer tries to push back protesters running toward the Tesla factory near Berlin on May 10, 2024.

Persons: Ole Becker, “, …, Elon Musk, ”, Christian Mang, Tesla Organizations: London CNN, Reuters, CNN, Police, RTL, Reuters Police Locations: Tesla’s, Berlin, German, Brandenburg, Europe, Germany

☆ We moved from a 3-bedroom house in Nashville to a 500-square-foot studio north of Rome. There are downsides, but we love it here.
▼ + stars: | 2024-05-10 | by ( Zeneba Bowers | ) www.businessinsider.com time to read: +4 min

Read previewIn 2005, we were a newly married couple living in our 2,000-square-foot house in Nashville. We quit our gigs and, by April, had bought a house in a town north of Rome. By November, we'd officially moved to a tiny 500-square-foot house in Italy with a bathroom the size of a Spirit Airlines lavatory. First of all, the entire house is one big open room that's about the size of our old living room — our kitchen, foyer, and dining table are all in the same space. Although electricity is pricey, having a small house makes our bills manageable.

Persons: —, we'd, we've, Zeneba Bowers, Zeneba Organizations: Service, Business, Spirit Airlines Locations: Nashville, Italy, Rome

☆ California Will Add a Fixed Charge to Electric Bills and Reduce Rates
▼ + stars: | 2024-05-10 | by ( Ivan Penn | ) www.nytimes.com time to read: +1 min

Utility regulators in California on Thursday changed how most residents will pay for energy by adding a new fixed monthly charge and lowering the rates that apply to energy use. Officials said the shift would reduce monthly bills for millions of residents and support the use of electric vehicles and appliances that run on electricity, rather than fossil fuels. The decision by the California Public Utilities Commission will apply to the rates charged by investor-owned utilities, which provide power to about 70 percent of the state. Starting next year, most customers of those companies will be required to pay a $24.15 monthly charge. California’s residential electric rates, which averaged 31.2 cents per kilowatt-hour in February, are the highest in the country after Hawaii, where rates were about 44 cents, according to the federal Energy Information Administration.

Organizations: California Public Utilities Commission, Regulators, Energy Information Administration Locations: California, Hawaii

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

Officials are urging those who have been rescued from the floods not to return to their homes. Carlos Fabal/AFP/Getty ImagesA horse was found stranded on a rooftop in a flooded area in Brazil's Rio Grande do Sul on Wednesday, May 8. It had been stuck on the roof for four days surrounded by flood water in the municipality of Canoas in the Brazilian state Rio Grande do Sul. Agencia Brasil, the sate-run news agency, has reported the rescue of more than 2,000 animals since the floods impacted Rio Grande du Sol, including dogs, cats, chickens, and pigs. Cars are surrounded by flooded streets after heavy rain in Canoas, in Rio Grande do Sul state, on May 9, 2024.

Persons: INMET, Katiane Mello, James Vargas, Carlos Fabal, –, Luiz Inácio Lula da Silva, El Niño, Carlos Macedo, Adriano Machado Organizations: CNN, Getty, Globo, Agencia Brasil, AP Brazilian Air Force Soldiers, Brasilia Air Force Base, Reuters Locations: Brazil, Rio Grande do Sul, Uruguay, Porto Alegre, Eldorado do Sul, AFP, Brazil's Rio Grande do Sul, Paulo’s, Canoas, Rio Grande, Sol, Pacific, Reuters Rio Grande do Sul

☆ Buy this boring part of the stock market for overlooked exposure to the AI boom
▼ + stars: | 2024-05-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Boring utility stocks are being highlighted as the next great beneficiaries of the AI boom. Goldman Sachs highlights 4 buy-rated utility stocks that are set to benefit from the AI boom. AdvertisementThe most boring area of the stock market is being awakened by the AI boom, and investors should take notice now, according to Goldman Sachs. These are the four utility stocks Goldman Sachs rates as Buy, partly due to their exposure to AI-fueled electricity demand. NextEra Energy (NEE): "Renewable segment uniquely positioned for AI data load and interconnection queue available."

Persons: Goldman Sachs, — Organizations: Service, Goldman, Xcel, Co, Nvidia, AMD, Computers Locations: MISO, Texas

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