US energy infra firms set for record gains as AI power demand soars
- US energy infrastructure providers are on pace to post their best year in many, as investors hedge against volatility in the commodity markets and wager on long-term demand fueled by the rise of power-guzzling technologies such as generative AI.
"We've seen fairly substantial flows from a lot of institutional investors over the past six months," said Kenny Zhu, research analyst at Global X ETFs, a New York-based provider of exchange-traded funds. Payouts in the form of dividends and buybacks due to stable cash flows are also pulling in small investors, experts said.
"There's no artificial intelligence without energy infrastructure because AI needs the power 24 hours a day, seven days a week," said Rob Thummel, senior portfolio manager at asset management firm Tortoise.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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