Jerry Jones Bet Big On Natural Gas Last Week — The Rise Of Energy Hungry A.I. Means You Should Too [Forbes]
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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Source: Forbes
Jerry Jones bought another $100 million worth of shale gas fracker Comstock Resources last week. A rtificial intelligence is hungry, not just for the fastest Nvidia chips, but for electricity. New servers running AI training models can feature 8 GPUs that consume 700 watts each. And Nvidia's newest Blackwell B200 chip will draw 1,200 watts — more than the average house. Keeping up with the demands of A.I. will require building dozens of new server farms over the next few years, and dozens of power plants to run them. Wind farms and solar panels can meet a lot of that demand, but far from all of it, says analyst Michael Blum of Wells Fargo Securities in an eye-popping new report. He figures that by 2030 artificial intelligence will require an incremental 700 terawatthours per year — more than the total electricity consumption of Germany — requiring a 16% expansion of the U.S. electric grid. And that's just his base case. If A.I. really catches on, we'll need a 20% bigger grid ju
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News
- Earnings Preview: Comstock Resources (CRK) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Comstock Resources, Inc. (NYSE: CRK) had its price target lowered by analysts at Stifel Nicolaus from $14.00 to $13.50. They now have a "buy" rating on the stock.MarketBeat
- Comstock Resources, Inc. (NYSE: CRK) had its price target lowered by analysts at Mizuho from $10.00 to $9.00. They now have an "underperform" rating on the stock.MarketBeat
- COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS DATE AND CONFERENCE CALL INFORMATIONGlobeNewswire
- Comstock Resources, Inc. (NYSE: CRK) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CRK
Earnings
- 2/13/24 - Miss
CRK
Sec Filings
- 4/9/24 - Form 8-K
- 4/2/24 - Form 8-K
- 4/2/24 - Form 8-K
- CRK's page on the SEC website