AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks
Benzinga
OCTOBER 2, 2024
Many also have a strong history of paying out dividends. However, the rapid rise of the AI industry has prompted a surge in electricity demand, with Goldman Sachs estimating data center power demand will grow by 160% through 2030. Because of their essential nature, utility stocks tend to remain steady even in times of market turmoil.
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