Elon Musk: America to Run Out of Energy by 2025?

Elon Musk recently gave an interview about his number one concern for the future of technology. And what he feels is the biggest hurdle to the progress of artificial intelligence.

Big Tech companies are building data centers, specifically for AI, at an incredible — and perhaps unsustainable pace. Nvidia CEO Jensen Huang said he expects $1 trillion to be spent on AI data centers in the next couple of years. And he believes Amazon, Google, Microsoft and Meta will account for almost all of that spending.

Amazon just spent $10 billion on an AI data center in rural Mississippi. Meta pledged $800 million to build one in Jeffersonville, Indiana. Google has one outside Council Bluffs, Iowa and another in undeveloped land north of Kansas City.

And that’s just in the United States. Microsoft is spending $3.4 billion to double its data capacity in Germany. Google is building a massive AI data center in Waltham Cross, north of London.

Obviously, the next wave of AI stock market winners will be the companies who help build these complicated “AI Factories.” As will companies like Nvidia, and everyone else whose equipment will power the data centers.

But there’s a massive problem with these AI data centers. A fundamental issue slowing construction. And it could lead this booming industry to stall out.

It’s what Musk calls the number one problem facing AI.

These AI data centers use massive amounts of power. Many of these mostly rural communities where these giant, power-hungry buildings are built are struggling to keep up.

In Northern Virginia, home of “Data Center Alley,” commercial power for lease shrank this year. In Georgia, projections of electricity use are 17 times higher than they were just a couple of years ago. And it’s causing a serious issue with budgeting. This is happening all over the United States and the world.

US data centers are expected to double their power usage between 2022 and 2028, to over 30 gigawatts a year. Each single gigawatt is equal to the amount of power generated by one nuclear power plant.

In Ireland, statistics show data centers used almost one-fifth of the country’s power in 2022. By 2026, AI data centers worldwide are expected to consume as much energy as entire nations, like Japan and Netherlands.

Elon Musk believes we could run out of power for AI data centers as soon as 2025.

In fact, Donald Trump may be the industry’s only hope.

You see, we have enough natural gas under the ground to satisfy our AI data center demands — for the next 2.7 billion years.

Yet, Biden and his cronies have launched an environmental crusade. Hardly any new infrastructure built under Biden and Trump’s Keystone XL pipeline was cancelled. Offshore auctions at a record low and our electric grid is struggling to keep up with the demand.

However, Trump has promised to “Drill, Drill, Drill” when he becomes President. And millionaire investor — and regular Mar-a-Lago guest Louis Navellier — believes Trump’s first act as President will be to sign an emergency executive order on energy.

And it could be like rocket fuel for the AI market, allowing more AI data centers to be built and answering Musk and Big Tech’s desperate please.

Navellier called Apple at $1.49, Microsoft at 38 cents and IBM at just $8. Now, he says six specific AI stocks could soar as a result of a Trump presidency.

Click here to find out more about these virtually unknown tech stocks.

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In Growth Investor, we focus on today’s best mid- to large-cap stocks from a variety of sectors. The Buy List contains specific Buy Below prices and is always sorted into 3 categories of portfolio risk–Conservative, Moderately Aggressive or Aggressive–so you can buy according to your personal risk tolerance. Louis Navellier has been involved in the investing world for over 30 years. Since founding their research firm 45 years ago, their elite group has been responsible for accurately forecasting many of the world’s most innovative technological trends and breakthroughs long before they achieved mainstream acceptance.