Goldman Sachs Says AI Boom Will Supercharge Energy Demand
Market Intelligence Analysis
AI-PoweredGoldman Sachs predicts an AI boom will lead to increased energy demand, contradicting warnings of an AI bubble from tech leaders like Mark Zuckerberg and Jeff Bezos.
Market impact analysis based on bullish sentiment with 70% confidence.
Article Context
Lately, big tech cheerleaders, including Meta Platforms’ (NASDAQ:META) Mark Zuckerberg, Amazon’s (NASDAQ:AMZN) Jeff Bezos and OpenAI’s CEO Sam Altman, have warned we are in an AI bubble, with stock market valuations, heavy speculation and market exuberance beginning to mirror those of the dot-com era that eventually led to the famous stock market crash 25 years ago. Meta has announced plans to spend over $100 billion on AI and infrastructure in the coming three years; Apple plans to invest more than $500 billion in the U.S. over…
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