The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Amazon and Nvidia say AI data center demand isn’t slowing

by admin April 25, 2025
April 25, 2025
Amazon and Nvidia say AI data center demand isn’t slowing

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees computer and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Everything Looks Fine… Until You See This Chart
next post
Amazon and Nvidia say AI data center demand is not slowing down

Related Posts

Target launches paid membership program as it chases...

March 7, 2024

The Mirage casino, which ushered in an era...

May 18, 2024

Apple’s Maryland store workers vote to authorize strike

May 13, 2024

The White Stripes sue Trump for using ‘Seven...

September 11, 2024

Sixteen Nobel Prize-winning economists warn a second Trump...

June 27, 2024

Home buyers to be spared automatic broker commissions...

March 16, 2024

Convenience stores are eating fast-food chains’ breakfast

September 15, 2025

Trump made millions on guitars, Bibles and watches...

June 17, 2025

Buffett’s Berkshire Hathaway hits $1 trillion market value,...

August 30, 2024

United Airlines expects busiest spring break ever despite...

March 6, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Convenience stores are eating fast-food chains’ breakfast

      September 15, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 15, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 15, 2025
    • Death penalty looms for Charlie Kirk’s accused killer, but legal bar is high as Trump, Cox mount pressure

      September 15, 2025
    • Turning Point USA says campus chapter requests surge to over 32,000 after Kirk’s assassination

      September 15, 2025
    • Trump says ‘we’ll see what happens’ when asked about possibility of striking Venezuela amid rising tensions

      September 15, 2025

    Categories

    • Business (1,383)
    • Politics (4,484)
    • Stocks (1,649)
    • Uncategorized (45)
    • World News (1,376)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved