Reported about 23 hours ago
The rise of artificial intelligence is reshaping the traditionally stable utilities sector into a significant growth area, with utilities stocks seeing a remarkable 43% surge since late 2023. As energy demand spikes due to AI's growing role in the economy, companies like NRG Energy and Constellation Energy have reported significant gains. This shift raises concerns about utilities becoming more volatile and whether this trend will last, as investors may need to seek safer options amidst the evolving market landscape.
Source: YAHOO