Utilities Gain as Investors Reassess AI Boom

The reported ouster of Nvidia leader Jensen Huang, described in the source as an AI visionary, and a Democratic sweep in the recent midterm elections have added to those doubts.

Utilities are also among the major beneficiaries of AI growth, with power producers securing long-term contractual commitments from technology clients. That distinguishes them from companies exposed to the Dotcom era, according to the report.