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Stock impact report

This Ridiculous AI Play Is 90% Overvalued (Sell Yesterday) [Forbes]

Gabelli Utility Trust (The) (GUT) 
US:NYSE Investor Relations: gabelli.com/closed
Company Research Source: Forbes
That's set up plenty of opportunities for us income investors to cash in. But in a moment, we're going to talk about one specific fund we need to sell yesterday . It yields a sharp 9.9% now. The problem? It's nearly 2X overvalued! It's easy to see what's catching investors' attention on the data center front: Investment in AI's computing backbone is on track to contribute more to US economic growth than the American consumer. To say that this is incredible is an understatement. And it's got investors scrambling to cash in. Many are going after utility stocks as the favored play here, and it's easy to see why: AI's bottomless power thirst is sending power demand—and prices—soaring. In the most extreme cases, we're seeing prices for electricity more than double—but even the least-affected cities, like Portland, Oregon, have seen “just” a 22% increase in the cost of electricity from 2020 to now, according to Bloomberg Many other cities are seeing even bigger increases, which, ye Show less Read more
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