• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Amazon and Nvidia say AI data center demand is not slowing down

by April 24, 2025
written by April 24, 2025

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees compute and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump has his own deadline, ‘no allegiance to anybody’ in Ukraine-Russia peace deal
next post
SCOOP: Inside progressives’ plan to have ‘thousands’ protest vulnerable Republican’s town hall

related articles

Tim Cook to join Trump at White House...

August 7, 2025

Fox One streaming service to launch ahead of...

August 6, 2025

Murdoch to provide Trump health updates in deal...

August 6, 2025

U.S. farm agency allows six more states to...

August 5, 2025

Amazon lays off over 100 employees in Wondery...

August 5, 2025

All major Las Vegas Strip casinos are now...

August 5, 2025

Columbia Sportswear sues Columbia University, alleging trademark infringement

August 4, 2025

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Sparks expected to fly at Kash Patel’s Senate confirmation hearing to lead FBI

    January 30, 2025
  • Treasury ‘mistakenly’ gave Musk DOGE worker ability to change payments system: court docs

    February 12, 2025
  • Harris world blame game begins after crushing loss to Trump

    November 6, 2024
  • Trump addresses Ukraine-Russia peace talks, says Zelenskyy will be involved

    February 17, 2025
  • Former Trump rival Nikki Haley demands ‘Haley Voters for Harris’ to ‘cease and desist’

    July 23, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,654)
  • Investing (634)
  • Stock (874)

Latest Posts

  • DeXe Network: Social Trading On Blockchain At Its Best

    October 1, 2024
  • Trump admin’s Signal leak shows ‘profound’ risk of uncontrolled communications: former intelligence official

    March 30, 2025
  • Dr. Oz touts investment in Medicaid: ‘I’m trying to save this beautiful program’

    August 3, 2025

Recent Posts

  • UN forced to fire 9 employees over likely involvement in Hamas massacre: ‘Tip of the iceberg’

    August 5, 2024
  • Bitcoin price under pressure since the beginning of the week

    August 28, 2024
  • Long BRZE: Braze Inc. Breaks Out After Strong Q3, Bullish Setup Targets $50 and Yearly Highs

    December 17, 2024

Editor’s Pick

  • Morning Glory: Trump won—what a relief

    November 7, 2024
  • 5 wild ways Democrats have embraced the Monty Python strategy of politics

    December 4, 2024
  • SafeMoon and LItecoin: SafeMoon tests new weekly support

    July 31, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock