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-0.00351303877854351 -0.00905283069855427 -0.0195581678151602 -0.0209431157951628 -0.0119578435346575 -0.0343196865288475 -0.0305364139981084 -0.0362451020132415
Stock impact report

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

Constellation Energy Corporation - When-Issued (CEG) 
Company Research Source: Forbes
here'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 Jersey, that has an uncommon focus: utilities. Its Virtus Reaves Utilities ETF has, since opening in 2015, raced ahead with a 14.5% annual return, three points ahead of the Morningstar utilities category. A key element of Reaves' success: anticipating which power producers will benefit from AI electric demand. Rhame totes up the wins: Entergy is building a custom plant for Meta Platforms in gas-rich, regulation-light rural Louisiana. Constellation has a deal with Microsoft to pow Show less Read more
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