The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.

Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.

cls.cn58minutes ago

The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars

The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.

wallstreetcn18:27 ET

Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs

Benzinga15:50 ET

Democratic Congressman Bought DJT Stock After 2024 Election, Months After Saying Donald Trump 'Unfit To Serve'

Benzinga15:42 ET

Apple's Record-Breaking Rally Boosts Appeal of Call Options Amid AI Optimism

Luzi Ann Santos13:38 ET

It will take at least another 7 years! Microsoft's AI CEO rebutted Ultraman: current Hardware is insufficient, and AGI won't come that quickly.

The OpenAI CEO expects that AGI could be achieved by 2025, while the Anthropic CEO predicts a time frame of 2026-2027. Microsoft's AI leader Mustafa Suleyman emphasizes that current Hardware cannot achieve AGI, but believes that breakthroughs might occur during the iterations of Hardware technology over the next two to five generations, with a higher probability of reaching AGI within the next five to seven years.

wallstreetcn13:22 ET