Big Tech Embraces Hydrogen and Nuclear Power for AI Data Centers
2025/2/26
InvestTalk
J
Justin Klein
@Justin Klein ：当前，大型科技公司正在积极探索氢能和核能等清洁能源技术在人工智能数据中心中的应用。虽然太阳能和风能等可再生能源具有环保优势，但其间歇性特点难以满足人工智能数据中心持续不断的能源需求。因此，许多公司目前仍然依赖天然气发电厂。然而，长期来看，氢能和核能，特别是小型模块化反应堆，将成为更可持续的解决方案。小型模块化反应堆具有规模化生产和部署的优势，并且其日常运营成本远低于化石燃料发电厂。虽然核能技术存在一定的初始投资成本，但其长期维护成本相对较低，这对于拥有充足资本的大型科技公司来说是可行的。此外，地热能也是一种潜在的清洁能源选择，但其应用范围受到地理位置的限制。总而言之，尽管短期内人工智能数据中心的需求可能出现波动，但对无碳基载能源的长期需求仍然强劲，核能技术将持续发挥重要作用。
Deep Dive
A listener inquires about Gilead Sciences (GILD), prompting a discussion of its past challenges, recent stock rally driven by strong earnings expectations, and current valuation. The analyst offers a cautious outlook, suggesting it's more of a short-term trade than a long-term investment.
- GILD's stock price has rallied significantly from the low 60s to 111 in 8-9 months.
- Earnings are expected to increase dramatically from $4.62 to $7.93.
- The stock is considered overbought in the short term and more of a momentum trade.
- Valuation is no longer cheap, depending on the pipeline progression.