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@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.
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@JacobFosterr 1 week ago

Berkshire’s energy business could be a surprisingly big AI beneficiary as data centers keep driving demand for reliable power.