Reported about 15 hours ago
The burgeoning demand for power driven by the tech sector's focus on artificial intelligence is causing a significant uptrend in utility stocks, particularly independent power producers like Vistra Corp. and Constellation Energy. Their shares have shown remarkable growth, significantly outperforming traditional tech companies, as investors seek lower-cost alternatives in the utility sector while betting on future power demands fueled by AI needs. This shift indicates a notable expansion of the AI-driven market influence beyond typical tech firms.
Source: YAHOO