Motley Fool analysis suggests Vanguard Utilities ETF (VPU) could be a major beneficiary of the AI boom, citing massive electricity demand from AI data centers
The analysis highlights that artificial intelligence requires enormous amounts of electricity to power data centers, which is becoming a significant industry constraint. For example, Nvidia has agreed to provide over $100 billion to support OpenAI's new Ohio data center project, expected to reach 8 gigawatts of capacity. The Vanguard Utilities ETF (VPU) holds approximately 70 stocks, including NextEra Energy, Southern Company, and Duke Energy, which generate, transmit, and distribute the necessary electricity, potentially improving the sector's growth prospects beyond traditional expectations.
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