Hyperscalers Fuel Utility Stocks as AI Energy Demand Sparks Growth Cycle
Tech giants like Amazon, Oracle, and Meta are indirectly powering a resurgence in utility stocks. The insatiable energy demands of artificial intelligence infrastructure have ignited what analysts describe as a new growth phase for power providers. Earnings forecasts are climbing steadily as data center expansions strain electrical grids.
This surge has reignited consolidation talks among smaller utilities seeking scale to meet hyperscaler contracts. The AI boom's Ripple effects now extend far beyond silicon valleys—transforming sleepy power companies into strategic infrastructure players.