$Microsoft(MSFT)$ This is a significant move by Microsoft. Reportedly, they've signed a 20-year power deal with $Chevron(CVX)$ to secure natural gas-fired electricity for their West Texas data center project. Key details include: first power expected by 2028, scaling up to 2.67GW, and using $GE Vernova Inc.(GEV)$ turbines for on-site generation instead of relying on the grid. This is a pretty clear signal of where AI infrastructure is heading. Hyperscalers aren't just buying chips anymore; they're essentially locking in their own power supply chains for decades. When you start seeing 20-year energy contracts tied directly to AI data centers, it tells you how serious the compute demand story really is.
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