Why Electric Utility Stocks Are A Smart Way To Bet On AI

There’s more than one way to own a piece of the artificial intelligence sector. Skip the vendors of chips and large language models. Invest in the power supply. Shares of electric utilities under contract with giant data centers are sizzling. The past three years have seen a doubling for Entergy, a quadrupling for Constellation Energy and a sixfold gain for Talen Energy. Riding this electric wave is Jay Rhame, chief executive of W.H. Reaves & Company, a somewhat obscure money manager in Jersey City, New Jer ...