Utilities outperform the broader markets amid enthusiasm over AI electricity demand

Yahoo Finance10-19

Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher. Case in point: The S&P 500 Utilities ETF (XLU) is up a whopping 29% so far this year — ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2476296338?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/QuZeKACJQ.lsUIr7LyiAkA--~B/aD0zNjIzO3c9NTQzNTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-10/99d2c550-8d72-11ef-a4fb-5e097e57fe82","is_english":true,"pubTime":"2024-10-19 01:57","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2476296338","market":"us","top_or_hot":-1,"title":"Utilities outperform the broader markets amid enthusiasm over AI electricity demand","media":"Yahoo Finance","content":"<div>\n<p>Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher.\nCase in point: The S&P 500 Utilities ETF (XLU) is up a whopping 29% so far this year — ...</p>\n\n<a href=\"https://finance.yahoo.com/news/utilities-outperform-the-broader-markets-amid-enthusiasm-over-ai-electricity-demand-175702728.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Utilities outperform the broader markets amid enthusiasm over AI electricity demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUtilities outperform the broader markets amid enthusiasm over AI electricity demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-19 01:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/utilities-outperform-the-broader-markets-amid-enthusiasm-over-ai-electricity-demand-175702728.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher.\nCase in point: The S&P 500 Utilities ETF (XLU) is up a whopping 29% so far this year — ...</p>\n\n<a href=\"https://finance.yahoo.com/news/utilities-outperform-the-broader-markets-amid-enthusiasm-over-ai-electricity-demand-175702728.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLN","symbol_name":"Talen Energy Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/utilities-outperform-the-broader-markets-amid-enthusiasm-over-ai-electricity-demand-175702728.html","article_id":"2476296338","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QuZeKACJQ.lsUIr7LyiAkA--~B/aD0zNjIzO3c9NTQzNTthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-10/99d2c550-8d72-11ef-a4fb-5e097e57fe82"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476296338","pubTimestamp":1729274222,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher.Case in point: The S&P 500 Utilities ETF  is up a whopping 29% so far this year — the best-performing sector to date.Much of the gains stem from power producers that stand to benefit from the electrification boom — Big Tech's massive appetite for AI data centers and electric vehicles.By 2050, electricity is projected to become the largest source of energy worldwide, according to a recent McKinsey study.Utilities have been the best performers this year.Also, five of the top 10 returning companies in the S&P 500 this year have been energy companies, noted Matt Sallee, president of Tortoise Capital. “Utilities and midstream infrastructure are going to be secondary beneficiaries of the AI theme,” he said in a recent note to clients.Click here for in-depth analysis of the latest stock market news and events moving stock prices. Read the latest financial and business news from Yaho","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TLN":"Talen Energy Corporation","AMZN":"亚马逊","VST":"Vistra Energy Corp.","NVDA":"英伟达","MSFT":"微软","CEG":"Constellation Energy Corp"},"translate_title":"由于对人工智能电力需求的热情，公用事业公司的表现优于大盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VST":1,"CEG":0.9,"TLN":0.9,"AMZN":0.7,"MSFT":0.7,"NVDA":0.6},"content_text":"Utilities have been on fire this year as enthusiasm over booming AI electricity demand pushes the sector higher.\nCase in point: The S&P 500 Utilities ETF (XLU) is up a whopping 29% so far this year — the best-performing sector to date. \nMuch of the gains stem from power producers that stand to benefit from the electrification boom — Big Tech's massive appetite for AI data centers and electric vehicles. \nBy 2050, electricity is projected to become the largest source of energy worldwide, according to a recent McKinsey study. \n\n\n\n  Utilities have been the best performers this year. \n \n\nAlso, five of the top 10 returning companies in the S&P 500 this year have been energy companies, noted Matt Sallee, president of Tortoise Capital. “Utilities and midstream infrastructure are going to be secondary beneficiaries of the AI theme,” he said in a recent note to clients.\nThere’s no better example of that investor fever than the S&P 500's top performer this year, power producer Vistra Corp (VST).\nShares of the Irving, Texas-based electric and power generation company are up 243% year to date, outperforming even AI heavyweight Nvidia (NVDA), up 186% during the same period.\nOn Thursday, JPMorgan analysts initiated coverage of Vistra along with two other Wall Street favorites, Talen Energy (TLN) and Constellation Energy (CEG) — all with an Overweight rating,\nThe analysts said the independent power producers (IPPs) stand to benefit from \"a paradigm shift in power demand\" amid structural tailwinds like manufacturing on-shoring, electrification trends, and data-center development.  \n\"We do not see competitive market supply growth matching this demand, enabling IPPs to capture outsized margins for an extended period of time,\" wrote JPMorgan's Jeremy Tonet and his team. \nAs Yahoo Finance’s Julie Hyman pointed out, recent headlines like Microsoft (MSFT) teaming up with Constellation Energy to restart a nuclear reactor at Three Mile Island and Amazon (AMZN) buying up a data center campus from Talen Energy have put Big Tech and its insatiable need for electricity into the spotlight. \nBut XLU's massive performance this year begs the question — has it topped? \nWith the broader markets at all-time highs, it may be a good idea to keep investing in defensive stocks like utilities that provide dividends, said Burns McKinney, managing director and senior portfolio manager at NFJ Investment Group. \n“There does seem to be a little bit more meat on the bone,” said McKinney, referring to more growth in the sector. \nIf XLU holds its 29.1% year-to-date gains, it will be the best-ever yearly performance for the sector. \nInes Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.\nClick here for in-depth analysis of the latest stock market news and events moving stock prices\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476296338"}