AI isn’t just consuming the world; it’s poised to devour the power grid. Big tech companies such as Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN) and Palantir (NASDAQ:PLTR) are going all-in on artificial intelligence, fueling a historic development of data center infrastructure. For ETF investors, that implies it’s time to move beyond Nvidia and begin focusing on the literal power behind the machine.
Goldman Sachs projects that global data center electricity demand will increase by 165% by 2030, making them among the world’s top 10 consumers of electricity. With capex cycles of $100 billion-plus underway, power generation-related ETFs, infrastructure ETFs, and digital real estate ETFs are in play.
