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AI has already managed the impossible — making utilities a hot trade: Morning Brief

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Power Companies News

Sophie Karp,AI Halo Effect,Nvidia

AI has done a lot of impressive stuff to the stock market. But perhaps most impressively, it's turned 'boring' utilities into an exciting trade.

Utilities are typically known as one of the more boring sectors of the market. In a regulated industry whose rate structures are determined by states, power companies aren’t known for big growth. They’re seen as defensive because demand for electricity remains relatively constant through economic cycles.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

 

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