2 January 2026 | 3:00AM EST Equity Research GS SUSTAIN The AI Innovation Cycle: Investment lessons from the Shale Innovation Cycle Ahead of the January 5-7 Energy, CleanTech & Utilities Conference and on the back of stock volatility for companies in the AI/data center power demand chain, we have received a greater number questions on how far along we are in the AI upcycle, the investment implications from further progression, and comparisons to other innovation cycles. We believe the learnings derived from ...