Core Viewpoint - Halliburton is diversifying its business lines by entering the AI data center power supply sector, responding to the softening demand for oilfield fracturing services, which has positively impacted its stock price [1][4]. Group 1: Business Diversification - Halliburton has partnered with VoltaGrid LLC to provide power services for global data centers, marking its significant entry into the AI-related field [2]. - The initial focus of this joint venture will be on the Middle East, supplying gas turbines and proprietary power technologies to data center developers [2]. - The demand for stable and substantial power supply systems is critical for AI computing infrastructure, leading to an unprecedented surge in AI data center power needs [2][3]. Group 2: Market Demand and Projections - Goldman Sachs has revised its forecast for global data center electricity demand by 175% by 2030, indicating a massive increase in power resource load equivalent to a new "top ten electricity-consuming country" [1]. - The International Energy Agency (IEA) predicts that global data center electricity demand will more than double by 2030, reaching approximately 945 terawatt-hours (TWh), driven primarily by AI applications [3]. Group 3: Stock Market Response - Halliburton's stock surged nearly 12% following the announcement of its joint venture and strong Q3 earnings report, marking the largest single-day gain in over five months [4]. - Analysts noted that the impact of the data center collaboration on stock price may be more significant than the positive earnings data [4]. Group 4: Industry Context - The oil and gas service sector, including Halliburton, is facing a bleak outlook due to oversupply and declining oil prices, prompting companies to explore new revenue streams [6]. - Halliburton's experience in electric fracturing and integrated power solutions positions it well to meet the power supply needs of AI data centers [7][8].