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Canada's AI Boom Needs Far More Electricity: These TSX Stocks Could Provide It
“Spray-and-pray” rush for power backfires, causing gridlock! Only 30% of gigawatt-scale applications are being approved, potentially slowing the U.S. AI race with “ghost projects”
More than two-thirds of the electricity demand requested to support the U.S. artificial intelligence (AI) boom may ultimately go unfulfilled, due to a large number of "ghost" projects and proposals with very low feasibility.
Morgan Stanley Analysis: AI Chips Surge—Can Power Supply Keep Pace? Implied Demand Reaches Approximately 38 GW by 2027
NVIDIA alone accounts for 16 GW, pushing power demand to a new bottleneck due to AI chips.
TD Cowen Maintains TransAlta(TAC.US) With Buy Rating, Cuts Target Price to $18.47
Analysts Are Bullish on These Utilities Stocks: Brookfield Renewable Partners (BEP), TransAlta (TAC)
BMO Capital Maintains TransAlta(TAC.US) With Buy Rating, Cuts Target Price to $17.09