46 minutes ago
Wells Fargo says these dividend payers could surge on AI hype
Utility companies best known for their consistent dividend payments are experiencing a surge in popularity thanks to the excitement surrounding artificial intelligence.
Consider that the Utilities Selective Sector SPDR Fund (XLU) rose 6.8% in May alone, outpacing the Technology Selective Sector SPDR Fund (XLK), which rose 5.2% this month.
AI initiatives in utilities include: AI data centers require large amounts of power. Even as technology companies turn to renewable energy sources, natural gas will play a key role in supplementing electricity needs.
Click here for a list of dividend-paying utilities that could benefit from the excitement of AI, according to Wells Fargo.
–Darla Mercado
1 hour ago
GameStop, AMC expand profits after hours
Shares of popular meme stocks GameStop and AMC soared in after-hours trading Monday, following a previous day’s rally spurred by the reappearance of “Roaring Kitty.”
See chart…
GameStop and AMC stocks soared on Monday.
GameStop shares rose more than 7%, and AMC soared nearly 15%. The brick-and-mortar video game retailer saw trading suspended several times on Monday due to heightened volatility.
— Brian Evans
1 hour ago
Games Global Limited postpones IPO
Games Global Limited will postpone its initial public offering scheduled for May 14, the company announced on Monday.
The online casino games supplier said concerns about market conditions were the basis for this decision. Games Global plans to issue 14.5 million shares at prices between $16 and $19 per share.
— Brian Evans
1 hour ago
