Stuart Varney: America's tech giants are spending billions to find geothermal energy

In a recent discussion, Stuart Varney highlighted a growing trend among major tech companies in the U.S., specifically focusing on Meta's collaboration with Sage Geosystems to explore geothermal energy. These companies are investing billions into researching and drilling for geothermal power, which is seen as a promising sustainable energy source. This move aligns with broader initiatives to transition towards renewable energy solutions and combat climate change.

Stock Forecasts

The increasing investment by major tech firms in geothermal energy positions them as significant players in the renewable energy sector. This trend could bolster the stocks of companies like Meta Platforms, Inc., as their sustainable practices might attract environmentally conscious investors.

Related News

‘Barron’s Roundtable’ panelists Jack Hough, Al Root and Megan Leonhardt discuss the top three headlines of the week.

META
AMZN

Why, and how, Meta has become an AI monster.

NetChoice, backed by tech giants including Meta and Google, has successfully argued in court that Big Tech hosts protected speech.

GOOGL
META