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AI & Enterprise

AI data centres face power bottleneck, not servers; natural gas and electrical equipment stocks seen benefiting

The key variable in the race to build AI infrastructure is shifting from semiconductors and servers to securing electricity, as AI moves into large-scale operations. As AI data centres expand, the ability to deliver reliable power at the right place and time is becoming critical. Demand for natural gas is expected to rise, but multiple infrastructure steps are needed to turn gas into usable power. Developers also face permitting, grid connections and other bottlenecks.

Finance

ECB raises deposit rate to 2.5 percent as oil tops $100 a barrel

The European Central Bank raised its benchmark deposit rate to 2.5 percent, citing a surge in energy prices tied to Middle East conflict and concern inflation will stay high for longer. The ECB also lifted its main refinancing rate to 2.65 percent and the marginal lending facility to 2.90 percent from Sept. 16. It nudged up its 2026 euro zone growth forecast and warned of second-round effects from energy to broader prices.

Industry

South Korea set to unveil plan to invest in up to eight U.S. nuclear reactors to meet AI power demand

South Korea will soon announce a large-scale energy investment plan in the United States to support the expansion of the U.S. AI industry, the Wall Street Journal reported. The plan would fund construction of up to eight nuclear reactors and natural gas power plants, and the total could exceed $100 billion. It follows a trade deal under which U.S. tariffs were cut and South Korea pledged investments and energy purchases.