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Electric Grid Upgrades Needed for AI Power Demand
The electric grids in the U.S. and select other countries require significant upgrades and expansions to meet the rising demand for artificial intelligence (AI) capabilities. As companies build larger data centers to support AI, this infrastructure demand presents strong investment opportunities in grid-related stocks, particularly for GE Vernova and Quanta Services.
Nvidia’s $100 Billion Investment
Late last month, Nvidia announced an investment of up to $100 billion in OpenAI, aiming to deploy at least 10 gigawatts of power for its next-generation AI infrastructure. For context, this is equivalent to the average power demand of New York City, which ranges from 6.5 to 11 gigawatts.
Financial Data for Key Companies
| Company | Market Cap | Forward P/E | 5-Year EPS Growth Estimate | YTD Return |
|---|---|---|---|---|
| GE Vernova (NYSE: GEV) | $162 billion | 50.6 | 66.2% | 81.1% |
| Quanta Services (NYSE: PWR) | $62.8 billion | 33.4 | 16.9% | 33.4% |
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