Reported about 5 hours ago
The utilities sector is thriving, driven by the demand for artificial intelligence (AI), making it one of the S&P 500's top performers. Experts discuss the correlation between rising electricity bills and AI advancements, pointing to companies like Constellation Energy, which is likened to Nvidia for electricity providers. As power demand surges, utilities are being redefined not just as safe havens, but as growth stocks, reshaping consumer expectations and potentially escalating electricity costs.
Source: YAHOO