Using this as a framework, it seems fair to ask if today’s AI stocks, which have substantially outperformed broad market indices, are in a financial bubble? But we’re utility analysts asking this question for a simple reason. The demands for new electric power-generating facilities supposedly required by AI are simply staggering both in amount and expense. For example, the highly respected Electric Power Research Institute (EPRI) expects new AI-related electricity demand to reach 50 gigawatts (GW) by 2030. ...