Gene Munster Says Power Sector Is Next AI Investment Opportunity

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โดย Yahoo Finance·US·Read original
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Deepwater Management's Gene Munster said Monday that the power sector is shaping up to be the next major investment opportunity in AI infrastructure, comparing the current moment to Nvidia Corp.'s breakout in 2023, after Elon Musk said natural gas will still be needed to support data centers for years to come. Musk had said on X that his companies, SpaceX and Tesla Inc., are each building 100 gigawatts a year of solar production capacity "as fast as possible," but that "natural gas will still be needed to supplement and bootstrap solar for several years." Munster said the moment echoes mid-2023, when it became clear that GPUs were an obvious AI investment theme, but the market still "missed the magnitude of the growth potential." He noted that since mid-2023, Nvidia shares are up 416%, compared with a 92% gain for the Nasdaq over the same period. "It makes sense to put new money to work in power," Munster said in a post on X, adding that Deepwater has already been investing along those lines through private stakes in Antora Energy, Redwood Materials, Stone Power and Boom Supersonic. Among power-related ETFs, the Defiance AI & Power Infrastructure ETF, with exposure to GE Vernova, Bloom Energy, and Constellation Energy, has $906.18 million in assets and has returned 20.52% so far this year, while the VanEck Data Center Supply Chain ETF, launched in June, covers semiconductors, nuclear energy, data center solutions, and power infrastructure, and has lost 10.45% so far.

Impact on stocks 8

Energy Transition & Power Demand▲ · 6 stocks
Artificial Intelligence▲ · 2 stocks

Theme Impact 3

Off-coverage companies 5

Antora EnergyPrivate± Mixed
relevance

Boom SupersonicPrivate± Mixed
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Deepwater Asset ManagementPrivate± Mixed
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Redwood MaterialsPrivate± Mixed
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Stone PowerPrivate± Mixed
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