**Quanta Services Key Facts:**
Quanta Services (NYSE: PWR) has reported a record total backlog of $48.5 billion, highlighting a booming demand for its services related to electrical infrastructure essential for data centers. The company is positioned within a $2.4 trillion addressable market projected through 2030, primarily driven by aging power grids and the rising electricity needs of artificial intelligence (AI) facilities.
Nvidia CEO Jensen Huang emphasizes that the growth of AI is not only limited by hardware but also by the skilled labor needed to build necessary infrastructure. Quanta Services has a unique advantage as it trains its own workforce at Northwest Lineman College, enhancing its capacity to fulfill increasing project demands while managing labor constraints.
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