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Electric utilities, the ones that will meet the soaring demand to power data centers and generative AI, have turned from the sleepiest steady stock investment on the market into the hottest bet on the AI boom.
U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales growth several times higher...
Some U.S. power companies are projecting electricity sales growth several times higher than estimates just months earlier
As generative AI drives up power consumption and rack densities.
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