Investors may have thought that the technology sector’s wave of excitement and innovation would stop at the semiconductor industry as a support lever for artificial intelligence, but that’s far from the truth. The biggest names in technology are now looking to invest in alternative energy sources, primarily nuclear energy, as the next frontier of efficiency.
Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), and Meta Platforms Inc. (NASDAQ: META) have something else in common other than all being part of the NASDAQ 100 index. These giants are slowly accepting that, as the global economy becomes digitized and data becomes the new oil, data center footprint and expansion will be needed sooner rather than later. However, today’s energy sources won’t be enough to cover this demand, so they’ve looked into nuclear.
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