Chevron, in partnership with Engine No. 1, is entering the U.S. energy market by building natural gas-fueled power plants to supply energy directly to data centers, aiming to have the first plant online within three years. The move comes as AI technology drives a surge in electricity demand, prompting oil producers like Exxon and Chevron to pivot towards power generation. Despite market uncertainties highlighted by a Chinese AI start-up’s advances, Chevron plans to invest in up to four gigawatts of gas-generating capacity, focusing on regions with infrastructure for potential carbon capture and renewable energy integration in the future.
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Nvidia's Stock and Business: How Did I Do With My 5-Year Predictions Made in 2020?
In March 2020, predictions were made regarding Nvidia's business and stock performance over five years, concluding with a self-assessed grade of B or B+. From March 1, 2020, to March 1, 2025, Nvidia stock achieved a remarkable total return of 1,760%, significantly outperforming the S&P 500's 118% return, transforming a $1,000 investment into $18,600. As of June 4, while Nvidia's five-year return has adjusted slightly, the overall success of the predictions remains evident. Full Article
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