) highly anticipated earnings report, Raymond James Managing Director Pavel Molchanov joins Market Domination Overtime to discuss how the utilities sector is benefiting from the artificial intelligence race.
He says that investors looking to get in on the AI utilities play should pay close attention to GE Vernova :"GE Vernova does everything for the grid: natural gas, nuclear, hydro, wind, and also all the infrastructure, so the transmission networks, the power software for utilities. This company does it all, and half of its revenue is recurring."Investors are indeed waiting for video earnings after the closing bell, tomorrow, stocks move higher on that.
Uh That being said, that kind of growth we're looking at is, you know, between two and 3% a year, right?That is a big change from virtually no growth since 2007.Um And there has been talk that the uh power companies that will do the best are those that perhaps are in areas physical areas where you have a lot of data centers.So Virginia, uh you know, data center alley around Washington DC, Ohio, another big place to some extent, Texas, not as much along the west coast.
Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cut -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.
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