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As more data centers go online, AI is set to drive a rally in what's traditionally the most boring corner of the stock market ... utilities.
While tech giants grapple with the energy demands of AI, utilities step into the spotlight as indispensable providers of power.
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.
“Power demand from data centers has already been humongous, then came the AI hype and the need for power skyrocketed."