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You thought Magnificent 7 and tech stocks were the only winners of AI boom? Wait! Here's a sector whose stocks could be an under-the-radar winner, say analysts

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  Retail stores such as Walmart and Target stand to gain from the enormous artificial intelligence investments being made by technology giants, without having to spend billions on infrastructure. According to Morgan Stanley analysts,

The article from MSN Money discusses how, while tech giants like those in the "Magnificent Seven" have been the primary beneficiaries of the AI boom, there's another sector poised to gain significantly from AI advancements: utilities. Analysts suggest that utility companies, which manage electricity and other essential services, are likely to see benefits from AI in several ways. AI can optimize energy usage, reduce costs, and enhance grid reliability, potentially leading to increased efficiency and profitability for these firms. Moreover, as AI and data centers require substantial power, utilities could see a surge in demand for electricity, positioning them as under-the-radar winners in the AI revolution. This sector's stocks might not be as flashy as tech stocks but could offer steady growth and dividends, making them an attractive investment as AI continues to expand.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/news/you-thought-magnificent-7-and-tech-stocks-were-the-only-winners-of-ai-boom-wait-here-s-a-sector-whose-stocks-could-be-an-under-the-radar-winner-say-analysts/ar-AA1yYKXN ]