How Utilities Stocks Became the Hot Market Bet on AI

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 21 May 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 21. With investors flocking to everything from gold to meme stocks, David Uberti explains how utilities stocks have shaken off their staid reputation. Plus, Donald Trump’s criminal trial helps his campaign to top President Biden in fundraising for the first time. And FDIC Chairman Martin Gruenberg bows to political pressure to resign, following a report detailing sexual harassment at the agency. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Z-Scaler extended its Zero Trust architecture with powerful AI engines trained by 500 trillion daily signals
0:07.8	to prevent ransomware and AI attacks that target business.
0:11.7	Z-scaler Zero Trust plus AI. Learn more at Z-scaler
0:16.0	dot com slash Zero-Trust AI.
0:20.3	Trump outrases Biden in monthly campaign donations, plus the chair of the
0:27.4	FDIC bows to pressure to resign following a report detailing sexual
0:32.2	harassment at the agency and how utilities
0:35.8	emerged as one of Wall Street's hottest bets. You typically buy those stocks
0:40.2	to give you really slow and steady returns through big dividends.
0:44.0	But this year utilities have become something of a bank shot bet on the AI boom.
0:49.0	It's Tuesday, May 21st.
0:51.0	I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News?
0:56.5	The top headlines and business stories moving your world today. Donald Trump has topped President Biden in monthly fundraising for the first time in the
1:11.0	2024 race for the White House.
1:13.6	According to Federal Election Commission filings,
1:16.0	Trump's campaign and related committees
1:18.6	raked in about $25 million more than Biden last month with donations increasing as his New York
1:25.4	hush money trial got underway. Both candidates have ramped up high profile
1:30.3	fundraising events lately with Trump pulling in $50 million from an April event
1:35.4	at the home of billionaire hedge fund manager John Paulson while Biden took in more than
1:40.0	$25 million at a New York fundraiser attended by former presidents Barack Obama and Bill Clinton.
1:47.4	The chairman of the FDIC, Martin Gruenberg, has said he will resign from his post following weeks of
	...

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