"The markets are showing a lack of conviction amid trade deal uncertainty, with tech stocks slightly higher as a sector amid caution in economic forecasts."
"Meta Platforms has secured a pioneering 20-year agreement with Constellation Energy to purchase nuclear power, aimed at satisfying the energy demands of its AI data centers."
The markets are experiencing uncertainty primarily influenced by ongoing trade deal negotiations, as investors adopt a cautious stance with the OECD downgrading economic forecasts for the U.S. to 1.6% and 1.5% for the subsequent years. Technology stocks, while slightly higher, showcase minimal movement overall. In a notable development, Meta Platforms has finalized a groundbreaking 20-year power purchase agreement with Constellation Energy to acquire nuclear power, signaling a significant shift in how tech firms are addressing their energy needs amidst rising demands for their AI-driven data centers.
Read at 24/7 Wall St.
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