Utility Stocks Wobble Amid AI Bubble Fears
The AI boom has been good for things data centers rely on, like electricity. Utility stocks have soared this year as companies look to cash in on data centers’ voracious...
By Zahra Hirji, Lauren Rosenthal, Josh Saul, Monique Mulima · Bloomberg
The AI boom has been good for things data centers rely on, like electricity. Utility stocks have soared this year as companies look to cash in on data centers’ voracious energy demand. But tech stocks pulling back have dragged utilities down, too.