Energy Deal Creates Technical Bullish Signal for Meta Platforms Stock (META)
From a fundamental perspective, social media and technology juggernaut Meta Platforms (META) recently made a compelling case for long-term investment. Meta recently entered into a 20-year power purchase agreement with Constellation Energy’s (CEG) Clinton nuclear plant in Illinois. Primarily, the deal will help Meta manage its energy costs, a core component of its forward growth strategies.
Confident Investing Starts Here:
Indeed, artificial intelligence has emerged as one of the top priorities in the tech ecosystem. However, generative AI comes at a significant cost: substantial power consumption. In 2023, the power required to support AI deployment was estimated at 1 gigawatt. Experts believe that this rate will increase sevenfold…
