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.
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.
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