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Shares of utility companies riding the AI boom
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Nuclear plants that are operating and supplying power for other purposes may be shifted to more lucrative operations with AI data centres down the road.
PHOTO: PIXABAY
Jeff Sommer
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Want to make a wager on the future of artificial intelligence (AI)? Nvidia is the obvious bet. It designs the chips and software that make AI run, is the stock market favourite and has gained 144 per cent in 2024 alone.
But some stock traders have found a less obvious, backdoor choice: utility shares, specifically those of companies that own nuclear power plants.
