This $500 Billion AI Data Center Investment Could Accelerate Demand for This Crucial Fuel

President Trump recently announced that several companies in the private sector are teaming up to invest up to $500 billion into infrastructure for artificial intelligence (AI). The Stargate project, backed by OpenAI, Softbank, and Oracle, will build 20 data centers in the country, with the initial one already under construction in Texas. Those data centers will require a tremendous amount of electricity to power all the specialized chips needed to run AI applications, meaning the companies will probably need to build power plants specifically to supply electricity to these facilities. Given their power requirements, which include needing a steady and constant source of electricity, they'll probably initially turn to natural gas to meet some of their power requirements. That could help accelerate the demand for that crucial fuel. Many companies will benefit from rising natural gas demand. It will enable natural gas producers to drill more wells and increase their output. That rising supply will drive the need for more infrastructure to support it, which will benefit energy midstream companies by enabling them to expand their systems. It will also provide opportunities for utilities to distribute more gas to their customers and build more natural gas power plants. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool