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Needham Highlights Energy Stocks Benefiting from Data-Center Boom

Needham Highlights Energy Stocks Benefiting from Data-Center Boom

Author:

Global Cryptocurrency

Published:

2025-10-24 12:17:02

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BTCCSquare news:

The surge in AI-driven data center development is reshaping energy demand, with tech giants like Microsoft, Amazon, Meta, and Alphabet leading a $360 billion capital expenditure wave. Data centers consumed 415 TWh of electricity in 2023, a figure projected to more than double by 2030, according to the International Energy Agency.

Needham analyst Sean Milligan identifies two under-the-radar energy stocks poised to capitalize on this trend, emphasizing the critical role of power infrastructure in cooling and climate control for data centers. The sector's growth underscores broader implications for global electricity markets.

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