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Patrick Sanders

George Soros Is Betting Big on Utility Stocks as AI Power Demand Surges

George Soros AEP American Electric Power Soros Fund Management Greg Abbott Texas Nebius

Data centers, artificial intelligence (AI), and related infrastructure continue to be among the biggest investment themes in the stock market. But perhaps an overlooked opportunity lies with utility companies — the businesses that will supply power to data centers coming online across the country.

Billionaire investor George Soros appears to be taking that bet. His Soros Fund Management opened a new stake in American Electric Power (AEP) in the second quarter, buying 768,000 shares valued at $105.1 million.

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