AI’s Thirst for Power Turns Utility Stocks Into Big Tech Proxies --[Reported by Umva mag]

The tech world’s obsession with artificial intelligence is continuing to spur a huge demand for power — supercharging returns in the utilities sector and shaking up the S&P 500 index. Wall Street sees more to come.

Oct 9, 2024 - 13:19

AI’s Thirst for Power Turns Utility Stocks Into Big Tech Proxies --[Reported by Umva mag]

(Bloomberg) — The tech world’s obsession with artificial intelligence is continuing to spur a huge demand for power — supercharging returns in the utilities sector and shaking up the S&P 500 index. Wall Street sees more to come. Read More

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.