This low-risk sector has outperformed tech stocks this year — but it's still all about AI
1. SP500.55 utilities sector returns 23.7% year-to-date, outperforming Big Tech stocks. 2. AI-driven energy demand boosts utilities, unexpectedly shifting investor perspectives. 3. Utilities stocks now feature a growth narrative, reversing previous underperformance. 4. Electricity prices increased 6.2% year-on-year, benefiting power producers and influencing performance. 5. Utilities represent 2.5% of SP500; contribute 0.5% to its year-to-date advance.