Reported 3 months ago
The surge in the semiconductor sector, particularly following AMD's earnings boost from AI sales, highlights the critical role of energy companies in the AI industry. Eli Horton, a senior portfolio manager, points out that the backbone of AI relies heavily on energy and power grids, leading companies to invest billions in infrastructure like chips and data centers that demand significant power. He warns that while investors may focus on flashy AI technologies, the real beneficiaries are older industrial firms in the electrical and power sectors.
Source: YAHOO