Evercore ISI senior managing director and head of technical analysis Rich Ross joins 'Making Money' to explain why investors must own semiconductor stocks and identify key market opportunities. 00:00 The 30-year bull case for semiconductors 01:06 Will Fed rate hikes impact the tech trade? 01:50 The most important chart in the market 02:38 Technical analysis: Lam Research (LRCX) 03:30 Bloom Energy and the AI power trade 04:35 Relative strength in Lumentum and Micron 05:55 Why Caterpillar is an AI play
The AI boom is pushing companies across the economy — from tech giants to automakers — deep into the energy business. Why it matters: The scramble for electricity has become the gold rush beneath the AI boom, creating enormous financial value and enormous risk if demand falls short. Driving the news: Electricity — long treated as a cheap, abundant commodity — is suddenly emerging as one of the most valuable strategic assets in business. - "Everyone to some extent is either dependent on energy as a core input or they see energy as a huge opportunity," said Brian Janous, who was Microsoft's first energy hire 15 years ago and is now co-founder of data center developer Cloverleaf Infrastructure. The latest: Ford unveiled earlier this…
Technology that captures carbon emissions from power plants may finally get a breakthrough as deep-pocketed tech companies try to meet climate goals while powering the AI race. Why it matters: It could help make natural gas electricity cleaner, but it's long been too expensive. The AI boom could change that. Driving the news: At least five projects under consideration across the U.S. would capture carbon dioxide emissions from natural gas plants connected to data centers, according to company statements, news coverage and independent reports. - This includes Google's publicly touted project in Illinois, another one Google is reportedly behind in Nebraska, projects by ExxonMobil and Chevron and another by Meta that has the option to…
Meet the unlikely poster child for the AI boom and its insatiable energy demand. Why it matters: Bloom Energy, long seen as a niche energy player, can deliver on-site power far faster than traditional options — a critical edge as data centers race to secure electricity. Driving the news: Over the past year, Bloom Energy's stock has surged more than 400%, outpacing even AI bellwethers like Nvidia. State of play: Bloom Energy makes shipping container-sized fuel cell units that generate power with natural gas through a chemical reaction instead of combustion. - It has signed major deals with key players across the AI and energy landscape over the last year and a half. They include Oracle, utility AEP and Brookfield, a leading financier…
