Micron (MU) is trading at a forward P/E of 8x to 12x of peak earnings versus Nvidia at 30x to 40x+, despite strong AI-driven demand for high-bandwidth memory and DRAM with rising content per AI server ...

Behind both of those megatrends? Electricity ... and lots of it. In fact, electricity demand is growing in the U.S. at a rate we haven't experienced in over 20 years. According to Goldman Sachs (GS +1 ...

For decades, most companies took electricity for granted when it came to growth. Factories expanded, offices opened and data centers came online with little concern about whether the grid could keep ...

The AI trade has been one of the most powerful market narratives in decades, but it’s also been one of the most narrowly defined. For the past two years, investors have largely treated AI as a GPU ...

The two big trends for the rest of the decade will be artificial intelligence and electrification. Behind both of those megatrends? Electricity ... and lots of it. That growth will require some $50 ...