New Delhi, April 20 -- Utilities plan $1.4 trillion in capital expenditures through 2030, a 21% increase, driven by AI's rising power demands.Global data center electricity demand is projected to double by 2030 to 945 terawatt-hours, with over 800 new centers in development.AI power infrastructure companies like GE Vernova (up 38%) and Vertiv (up 80%) have strong backlogs and high valuations.

Tech is leading the market again as the war in Iran recedes and first-quarter earnings come in strong. It's a great sign for companies supplying the industry's insatiable thirst for power generation and infrastructure.

Utilities plan to spend $1.4 trillion on capital expenditures through 2030, up 21% from estimates last year, according to the nonpr...