AI stock boom has a secret back door as energy demand soars

AI stock boom has a secret back door as energy demand soars

Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.

AI is the buzzword these days, with everyone from chipmakers to computer equipment manufacturers to car companies trying to paint themselves in its hopeful colors. It’s also driving the latest stock market rally, as investors saw this past week.

On Thursday, Meta Platforms…
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Source: https://fortune.com/2024/04/27/ai-stocks-artificial-intelligence-investing-energy-demand-boom-utilities-renewables/