Why US Utility Stocks Are Falling After the AI Power Surge
The artificial-intelligence boom’s promise of runaway electricity demand has jolted shares of US power companies to all-time highs. But those generators and utilities are now learning that the hype comes...
By Josh Saul, Monique Mulima · Bloomberg Markets
The artificial-intelligence boom’s promise of runaway electricity demand has jolted shares of US power companies to all-time highs. But those generators and utilities are now learning that the hype comes with an edge: Investors won’t wait forever for results.