Did you know that 90% of all the world’s data was created in the past two years?
When I heard Chief Income Strategist Marc Lichtenfeld share that statistic in a recent interview, I could hardly believe it.
It’s a testament to the immense growth potential of AI… but it’s also a reminder of its astronomical energy demands.
The truth is, unless the key players in the energy sector step up to the plate, this situation could turn dire in a hurry.
Luckily, a number of companies are already working toward a solution. In fact, Marc says two different energy sources will likely be instrumental in meeting AI’s substantial needs – one in the short to medium term, and another over the longer term.
If these efforts are successful – and we have no reason to think they won’t be – the energy sector could go nuclear (pun intended) in the coming years.
In an illuminating interview with our friends at MarketBeat, Marc explained why the sector could see “tremendous” growth as soon as this year and offered three specific plays (two stocks and one closed-end fund) that have caught his eye.
To watch the full interview, simply click the image above!