Ryan Patel: “The AI boom is creating a second investment cycle: the race to secure…”

Ryan Patel @ryanpatel · 2026-09-28

The AI boom is creating a second investment cycle: the race to secure electricity for data centres.U.S. data-centre electricity demand is projected to reach roughly 325 TWh by 2030, up from about 176 TWh in 2023.The investment chain is changing: NVIDIA / AMD → AI DATA CENTRES → ELECTRICITY DEMAND → NUCLEAR + GAS → GRID CAPEXThe next winners may not be only companies selling GPUs. They could include power generators, nuclear operators, grid-equipment manufacturers, engineering companies and natural-gas suppliers.POWER AVAILABILITY is becoming a strategic competitive advantage for AI companies. The next trillion-dollar AI investment opportunity may be hiding in the electricity required to run the machines.

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