Trend doesn't know what the heck they are talking about; or they are compromised.
Technologies like HBM4 and silicon photonics help by making AI systems a bit more energy-efficient; reducing power use by ~15-28%... in theory; which can slow future rate hikes (kWh). But... if Jensen continue his mad plans to release these extreme power hungry GPUs that could jack-up; already struggling grids; usages over 300% minimum; that ~15% to 28% reduction from HBM4 and silicon photonics will not mean swat.
No. The only solution for the future is quantum... which scares Jensen, ect!