NextEra Energy, Dominion Energy, and Entergy are all ramping up investments to meet the growing power demand from AI data centers. NextEra Energy is partnering with Google, while Dominion Energy in Virginia is heavily investing in power infrastructure. Entergy is building power plants to support Meta Platforms’ AI data center. AI data centers require more electricity due to specialized chips and cooling systems. Utilities are expected to benefit from this trend, offering opportunities for growth in earnings and dividends. These companies are well-positioned to capitalize on the AI boom and provide strong total returns for investors.

Read more at Yahoo Finance: Could Utility Stocks Be the Next Big AI Winners?