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Benzinga

Business

Erica Kollmann

Nvidia, Meta Thriving On 'Middle-Class Rip-Off' As Power Costs Spiral 267% Amid AI Boom: Larry McDonald

Meta Nvidia Nasdaq NVDA Microsoft Microsoft Corp Nvidia Corp NYSE Electricity

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Tech giants like NVIDIA Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms, Inc. (NASDAQ:META) are thriving amid what market strategist Larry McDonald calls a "middle-class rip-off," as electricity costs tied to AI data centers soar.

NVDA stock just reached an all-time high. See all the details here.

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One subscription that gives you access to news from hundreds of sites

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