AI and heat waves pose dual threats to the power grid: Morning Brief [Yahoo! Finance Canada]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance Canada
The chart of the day What we're watching What we're reading Economic data releases and earnings Shareholders getting in on the AI power trade stand to gain from the immense energy demands of AI technology But those same demands will have challenging ramifications for the sustainability goals of technology companies — and put a massive new strain on the power grid. Already this month, the major heat wave in parts of the Northeast, mid-Atlantic, and Midwest flashed an early preview of a potentially stifling summer that pushed the power grid's load. ADVERTISEMENT Those demands pile onto the nationwide boom in data center development that's leading to a surge in long-term demand for electricity , which has done the impossible — made the utilities trade look hot . With power-hungry AI systems, the energy trade is now the AI trade. To put AI's energy needs in perspective, a ChatGPT query, on average, requires almost 10 times as much electricity to process as a Google sear
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News
- Meta Platforms, Inc. (META): One of the Best Growth Stocks According to Ray Dalio? [Yahoo! Finance]Yahoo! Finance
- Stock market today: Stocks edge lower on Wall Street, ending a 3-week winning streak for the S&P 500 [Los Angeles Times (CA)]Los Angeles Times
- Toronto Hydro to receive equity investment from City of Toronto [Yahoo! Finance]Yahoo! Finance
- 2 Trillion-Dollar Artificial Intelligence (AI) Stocks to Buy and Hold Forever [Yahoo! Finance]Yahoo! Finance
- Is Meta Platforms Inc (NASDAQ:META) an Overbought AI Stock in 2024? [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 6/28/24 - Form 144
- 6/27/24 - Form 4
- 6/27/24 - Form 144
- META's page on the SEC website