AI Power Surge: How Is the Data Center Boom Energizing Utility ETFs?

The explosive growth of Artificial Intelligence (AI) in recent times has ignited a massive tailwind for utilities, traditionally known as a sleepy, stable, and slow-growth sector, translating into strong performance for Utility Exchange-Traded Funds (ETFs). This boom is directly tied to the burgeoning electricity demand from power-hungry data centers that are required to train and run sophisticated AI models. Notably prominent utility ETFs, Utilities Select Sector SPDR Fund ((XLU), Vanguard Utilities ETF (( ...