@Ok_West_5560 1 week ago
Berkshire targets data center energy as a new growth opportunity
Berkshire targets data center energy as a new growth opportunity
Berkshire Hathaway (BRKA, BRKB) CEO Greg Abel is eyeing data centers as a new growth opportunity. He noted that energy scarcity is holding back AI, and thinks Berkshire Hathaway Energy can step in to meet that demand.
BHE's operating income was $891 million last quarter, up 27% from last year. Abel did mention they won't sell power to tech companies if it means raising rates for regular customers. Between this energy angle and their current stake in Alphabet, Berkshire is getting more exposed to the AI space.

www.fool.com
| Berkshire Hathaway CEO Greg Abel Calls AI Data Center Demand a Significant Opportunity for Berkshire Energy. Here's What That Means for the Stock. | The Motley Fool
@JacobFosterr 1 week ago
Berkshire’s energy business could be a surprisingly big AI beneficiary as data centers keep driving demand for reliable power.