The business, investment and financial advisory team at Wells Fargo highlights one market segment that will benefit the most from investment growth in artificial intelligence (AI) and the data center.
Wells Fargo Advisors he says that current market trends are being driven by investments in Artificial Intelligence (AI) and data centers. According to Wells Fargo Advisors, utilities are one of the biggest beneficiaries of growing income.
“As a leading provider of data centers, the Utility segment is performing very well and has delivered significant profitability, which we look forward to continuing.”
Wells Fargo Advisors says utilities “see the biggest data center benefit” compared to other segments.
“As owners of power generation and distribution assets, utilities – utilities in particular – will benefit from long-term infrastructure.” In fact, many have already raised their annual earnings growth forecasts in the high-two to two range.
Aside from energy, Wells Fargo Advisors says other utility sectors have also benefited, but to a lesser extent.
“Energy industries, however, do not have the ability to increase the power of data centers. Natural gas distributors (and utilities), manufacturers (power companies), and pipeline operators are also benefiting from providing fuel or building power plants at data centers.”
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