AI Boom Can Lead To 'Potential Demand Growth' For This Metal, Wall Street Turns Bullish
Benzinga
Benzinga
  • 13 days ago
Wall Street is demonstrating an increased interest in copper, a trend driven by the metal’s growing use in data centers, which are essential for artificial intelligence (AI) operations.

What Happened: A note from Jefferies, predicts that global copper demand from data centers will jump from 239 thousand tons in 2023 to at least 450 thousand tons annually by 2030, reported CNBC.
Recommended
1:01
I
Up next
Trump Vs. Biden: One Candidate's Lead Narrows To Slim Margin Over Other
Benzinga
1:02
Mark Cuban's $288M Wire Transfer To IRS: A Veiled Jab At Trump?
Benzinga
1:01
Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending
Benzinga
0:38
BREAKING NEWS: Tesla Said To Be Laying Off Over 14,000 Employees
Benzinga
0:39
Gas Prices on the Rise Nationwide Average Hits $3.63 per Gallon, Says AAA
Benzinga
0:38
Minneapolis City Council Delays Rideshare Ordinance, Extends Uber and Lyft Services
Benzinga
1:17
Crime-Ridden San Francisco Seeks To Allow Lawsuits Against Grocery Stores Fleeing The City As Mass Corporate Exodus Continues
Benzinga
0:37
US Space Force Partners with Startups to Perform First Military Exercise in Orbit, Responding to Potential Threats of 'On-Orbit Aggression'
Benzinga
0:35
China Remains Crucial for US Chipmakers Despite Growing Geopolitical Strains
Benzinga
0:30
Trump Media Shares Tumble 11% After Filing for Additional Stock Issuance
Benzinga
0:47
Surge in Measles Cases Puts US Elimination Status in Jeopardy, CDC Warns
Benzinga
0:47
Lawsuit Seeks Return of $100,000 Donation to Giuliani's Fund, Alleges Funds Belong to Victims of Skin Care Scam
Benzinga
0:37
Bitcoin Price Stagnation Anticipated, Analyst Forecasts Potential $5 Billion Sell-Off
Benzinga
0:38
Tesla CEO Elon Musk Announces Layoffs of Over 10% of Global Workforce in Cost-Cutting Move
Benzinga
0:47
Samsung Regains Dominance in Global Smartphone Market with Strong Q1 Performance
Benzinga
0:40
Trump Media's Stock Price Slump Leaves Retail Investors in the Red
Benzinga
0:46
How Will ETFs Impact the Post-Halving Landscape? Here's Why It Could Be a Game-Changer
Benzinga
0:42
Apple CEO Tim Cook Visits Vietnam, Looks to Strengthen Manufacturing Hub Amid Tough Competition in China
Benzinga
0:43
Is the Presidential Debate Tradition in Jeopardy? News Organizations Call for Biden and Trump's Agreement
Benzinga
0:45
Trump to Become First Former US President to Stand Criminal Trial, Faces Charges of Falsifying Records Related to Hush Money Payments
Benzinga
1:25
Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks With Over 3% Dividend Yields
Benzinga
0:40
Wall Street climbs to open big week of earnings reports 
PTVPhilippines
1:07
Wall Street's Most Accurate Analysts' Views On 3 Health Care Stocks With Over 3% Dividend Yields
Benzinga
0:58
Wall Street's Most Accurate Analysts Are Bullish On These 3 Utilities Stocks With Over 3% Dividend Yields
Benzinga
0:53
Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields
Benzinga
0:58
Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields
Benzinga
Benzinga
0:40
Maryland Teacher Faces Criminal Charges for Spreading an AI-Generated Fake Recording of the Principal Making Racist Comments
Benzinga
0:27
Arizona Grand Jury Indicts 18 Individuals Involved in Submitting Fake Elector Documents
Benzinga
0:46
ByteDance Unlikely to Sell TikTok, Preferring Shutdown in the US to Parting Ways with Its Key Algorithm
Benzinga
0:35
Google Parent Alphabet Announces $70 Billion Stock Buyback Program After Stellar Q1 Results
Benzinga
0:38
Analysts Predict Chevron and ExxonMobil Will Report Lower Q1 Profits Despite Rising Oil Prices
Benzinga
0:39
Meta Stock Plummets 15% as Market Reacts to Increased AI Spending
Benzinga
Featured channels
More from
EarthX
More from
TIME
More from
Insider
More from
What's Trending
More from
Entrepreneur
More from
SportsGrid