CNBC’s Jim Cramer noted Big Tech’s growing energy demands, with companies like Meta, Nvidia, Google and Microsoft building more and more data…
CNBC's Jim Cramer said resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow.
Cramer highlighted Big Tech's"insatiable demand for energy," saying that AI-forward companies like Meta, Nvidia, Google and Microsoft are building more and more data centers. "You may be reluctant to invest in it, you might think who cares, but you need to know how vital all of this fossil fuel technology is to the growth of the Magnificent Seven," he said.on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow.
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