The utilities sector, as measured by the XLU ETF, rose 1.25% in the current session as investors increasingly focus on the significant growth in electricity demand from artificial intelligence data centers. This narrative was strengthened by analyst reports highlighting specific utility companies poised to benefit from this trend. The broader market also saw gains driven by strong Q3 earnings and renewed interest in AI-related stocks, providing a favorable backdrop for the sector.
Utilities Sector Gains on Surging AI-Driven Power Demand