Artificial intelligence (AI) has developed into much more than just a buzzword. With widespread applications across a range of industries, AI stocks have made investors massive wealth in the last couple of years. As the revolution moves full-steam ahead, the surrounding infrastructure supporting AI platforms is also expected to witness a boom in the upcoming years - and one critical cog in the AI ecosystem is data centers.
With projections calling for data center demand to double by 2030, market participants would be well-advised to have a closer look at the players in this space to identify potential winners. To that end, analysts over at Goldman Sachs (GS) are also quite bullish about the upside here. Estimating that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030, the firm projects that this will result in about $50 billion in capital investment.
