Grid Dynamics Shares Surge on AI & EV Grid Demand

Grid Dynamics shares surged by ten point two percent in afternoon trading, driven by optimism about modernizing power grids due to escalating electricity demand from AI data centers and electric vehicles. The U.S. power grid faces historic stress, with aging infrastructure struggling to meet increased demand. This situation highlights the need for smarter grids and advanced technologies, leading to a green investment boom. Grid Dynamics shares closed at nine dollars and forty-nine cents, an eight point six percent increase, suggesting significant market impact.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.