Business
from24/7 Wall St.
5 days agoVOLT Investors: Here's the One Signal That Predicts Your Returns This Year
Hyperscaler AI capital spending is crucial for the performance of the Tema Electrification ETF (VOLT).
Leaders from Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI met with President Donald Trump today to sign a "rate payer protection pledge." It's one way they're responding to growing bipartisan concerns about electricity rates rising as tech companies and the Trump administration rush to build out a new generation of AI data centers.
Under this Ratepayer Protection Pledge, companies are agreeing to practices that are intended to protect residents from seeing higher electricity costs as more and more businesses create power-hungry data centers. Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI have all apparently signed on.