-- Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.Trump Won’t Commit to Debate Until Harris Formally Nominated
“We believe that the wide adoption of AI could be a game changer for the power generation industry,” said Evgenia Molotova, a senior investment manager at Pictet Asset Management Ltd. “Depending on the rate of adoption, AI can require data center buildout of two-to-three times the current size of the data center industry by 2030.
The AI angle has also put a spotlight on alternative-energy stocks in other regions, from Dutch turbine maker Vestas Wind Systems A/S to South Korean hydrogen-related firm Doosan Fuel Cell Co.Even commodities have an AI trade, with copper a key material in electric cables as well as heat exchangers that help cool data centers. Related stocks include Freeport-McMoRan Inc., BHP Group Ltd. and China’s Jiangxi Copper Co.
“If you look at the largest market-cap names, it would be companies like Deere & Co., which is leveraging the information that’s coming off agricultural equipment to optimize farming,” said Katy Huberty, Morgan Stanley’s global director of research. She also highlights Paccar Inc., which designs and manufactures large commercial trucks.
At least 26 people were reportedly killed by a gang in three remote villages in Papua New Guinea’s north, United Nations and police officials say. Baugen told the ABC that all the houses in the villages had been burned and the remaining villagers were sheltering at a police station, too scared to name the perpetrators.A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches.
The site of a transient motel in Detroit where three young Black men were killed, allegedly by white police officers, during the city's bloody 1967 race riot is receiving a historic marker. A dedication ceremony is scheduled Friday several miles north of downtown where the Algiers Motel once stood. As parts of Detroit burned in one of the bloodiest race riots in U.S.