AI’s Thirst for Power Turns Utilities Into Crowded Growth Sector

Savvy investors have been betting, correctly, for years now that electricity demand for AI applications will deliver riches to power companies. All of a sudden, that wager’s blasted past the...

By Bernard Goyder, Monique Mulima · Bloomberg Markets

Savvy investors have been betting, correctly, for years now that electricity demand for AI applications will deliver riches to power companies. All of a sudden, that wager’s blasted past the mainstream and into the stratosphere.