Group 1: Power Demand Growth - Power demand is growing at the fastest rate since the 1960s and 1970s, with various demand forecasts trending upwards [1] - Large-scale construction of artificial intelligence infrastructure is expected to require unprecedented additional power generation, with data center capacity projected to triple from 45 GW to over 130 GW by 2030 [1] - Major demand drivers include large tech companies such as Amazon, Microsoft, META, and Alphabet, which are expected to spend approximately $350 billion on AI infrastructure in 2025 alone [1] Group 2: Beneficiary Companies - Wisconsin Energy Corporation (WEC.US) is supporting a 1.8 GW data center for Microsoft, which is one of the first large-scale data centers under construction, expected to begin phased operations in 2026 [1] - American Electric Power (AEP.US) raised its earnings per share (EPS) growth guidance from 6%-8% to 7%-9%, anticipating an additional 28 GW of peak demand by 2030, with 22 GW coming from data centers [2] - Evergy (EVRG.US) has a current EPS growth target of 4%-6% based on a signed 500 MW load construction plan, with 15 GW of projects awaiting budget approval [2] - Pinnacle West Capital (PNW.US) has an EPS growth target of 5%-7%, supported by population growth in Arizona and the addition of 5 GW of large loads, partly driven by TSMC's $165 billion investment in the area [2]
数据中心引爆电力需求海啸 加贝利基金点名四大受益股
Zhi Tong Cai Jing·2025-11-10 00:37