Cheap Power Is the Secret to Winning the Global AI Race

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Nvidia's CEO warns that high energy costs may hinder the US and EU's chances of winning the global AI race, with China likely to take the lead.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%

Article Context

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Not long ago, the UK’s Prime Minister declared his government would turn the country into an “AI superpower”. The EU leadership has similar plans for the bloc—while China and the U.S. race ahead without looking back. Neither the UK nor the EU will catch up soon. Their energy is too expensive. Now, Nvidia’s boss is warning that even the United States’ energy costs may be too high to help it win the race. “China is going to win the AI race.” Jensen Huang made the blunt statement at the Financial Times’…

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Original article published by OilPrice.com on November 7, 2025.
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