U.S. natural gas demand is set to surge due to the booming AI technology industry, with electricity demand from data centers expected to quadruple by 2030. This spike in demand could benefit natural gas producers and shippers, despite doubts about the Administration's plans for greener energy.
Norway is home to the biggest sovereign wealth fund globally, valued at nearly $1.4 trillion. In 2023, the fund posted record profits, bolstered by tech holdings that include Microsoft, Apple, and Nvidia. Originating in 1996, the fund was created to invest surplus earnings from its massive energy sector—where it ranks as the fourth-largest exporter of natural gas in the world.
While four of the top 10 IPOs were in the healthcare sector, three were in financial services, two in technology, one in food and beverage, and the other in the energy sector.