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The stock, after a 12% jump, is now down more than 3% since Alphabet, the parent company of Google, announced its power purchase agreement.
Google’s recent agreement reveals the scale of the AI power shortage and why supplying power is such an important part of the AI investment story.
Google and Constellation Energy Corporation, an American energy company, have signed a 20 year power purchase agreement (PPA) to add 890 MW of nuclear capacity to the PJM Interconnection grid through…