JP Morgan: The $181 Billion AI Cloud

The Artificial Intelligence gold rush is here.

And cloud computing companies are spending furiously to stay on the cutting edge.

This includes investments from Alphabet, Amazon, Meta Platforms and Microsoft. And it doesn’t even include billions being spent by hundreds of other tech stocks.

That’s a 36% increase in the last year, according to a new report from JP Morgan.

Let me put this in context…

The world’s top 4 oil companies are BP, Chevron, Exxon Mobil and Shell. Together they’ll spend around $80 billion on capital investments this year.

This chart shows that big tech has been outspending big oil since 2020.

Right now, the spread between big tech spending and big oil spending is around $100 billion.

That’s right…

2X more money is being invested in Artificial Intelligence than is being spend developing new sources of oil and natural gas.

That’s why smart investors must…

“Follow the money.”

The huge investment in AI requires huge amounts of electricity.

That’s why I’m incredibly bullish on Hyper Power 2.0 stocks.

Ian