Nvidia, Meta Thriving On 'Middle-Class Rip-Off' As Power Costs Spiral 267% Amid AI Boom: Larry McDonald
1. Tech giants are thriving amid rising electricity costs tied to AI. 2. Wholesale power prices have surged 267% in five years. 3. AI adoption strains energy grids, affecting households and businesses. 4. Power companies are profiting from increased electricity demand. 5. Consumers face higher bills while tech firms enjoy record profits.