The shocking chart of the day >>> ChatGPT vs Google: Who’s Burning More Energy?
AI is a power-hungry beast, and ChatGPT is no exception—it uses enough energy daily to power 17,000 US homes! In comparison, Google’s vast infrastructure handles trillions of searches but has been optimizing energy consumption for years. Source: AIM on X @Analyticsindiam
Uranium stocks ETF $URA is up +11% last week and +16% for the month, outpacing all other sectors.
Shares in nuclear energy companies surged to record highs last week after Amazon and Google struck landmark power supply deals, boosting efforts to deploy the first small modular reactors (SMRs) in the US. The share prices of US-listed SMR developers Oklo Inc and NuScale power rose by 99% and 36% respectively in the past week, after rivals X-energy and Kairos Power, two private SMR developers, announced the financing agreements. Shares in Cameco, Oklo, NuScale, Constellation and BWX Technologies all traded at record highs over the week. Source: FT
Exxon expects fossil fuels to dominate energy use through 2050
Source: CNBC Stock Market & Business
Sector composition of the S&P500 has shifted significantly over time.
energy used to be 26% of the index... Source: Goldman Sachs, Blake B. Millard
Energy demand in China has increased rapidly over the last few decades due to rising incomes and industrialization.
The country now uses about the same amount of energy per person as the European Union. You can see this in this chart, with new data from the Energy Institute’s Statistical Review of World Energy. This measure of primary energy is based on the substitution method, which tries to account for the inefficiencies of fossil fuels compared to renewables. Source: Our world in data (This Data Insight was written by @_HannahRitchie and Pablo Rosado.)
Waoouu... 🙄🙄🙄
Seven Chinese solar companies most people haven’t heard of are ALREADY providing more energy for the global economy than Exxon, Chevron, Shell, BP and the other Seven Sisters who once dominated oil production... Source: Bloomberg, David Fickling
Nvidia vs US energy sector...
At $2.6 trillion, Nvidia's market cap is now over $900 billion higher than all of the companies in the S&P 500 Energy sector ... combined. The net income of the Energy sector is $128 billion vs. $43 billion for Nvidia. $NVDA $XLE Source: Charlie Bilello
The US being a net energy exporter in one chart
Chart: Stephane Deo, Michel A. Arouet, Eleva Capital
