{
  "id": 4076830,
  "title": "George Soros Is Betting Big on Utility Stocks as AI Power Demand Surges",
  "url": "https://urgent.news/2026/08/27/george-soros-is-betting-big-on-utility-stocks-as-ai-power-demand",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T18:47:35.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/george-soros-betting-big-utility-184735423.html"
  },
  "original_language": "en",
  "account": "Billionaire investor George Soros is placing significant bets on utility companies as the demand for power from data centers and electric vehicles surges. Soros Fund Management opened a stake in American Electric Power (AEP) in Q2, purchasing 768,000 shares for $105.1 million. The fund also grew its investment in Entergy (ETR), a utility company serving Arkansas, Louisiana, Mississippi, and Texas, from 77,000 shares to 914,000 shares. Additionally, Soros Fund Management entered a new position in Nebius Group (NBIS), a company building data centers worldwide, with 310,000 shares valued at $85.6 million. The International Energy Agency (IEA) reported that global electricity demand is accelerating, driven by data centers and electric vehicles. American Electric Power is a major U.S. utility company serving 5.6 million customers across 11 states, with shares up almost 9% over the past year. The company offers a dividend yielding 3.1% and has been expanding its capacity to meet growing electricity demand. However, data-center grid connections in Texas are being halted while regulators audit pending projects, potentially impacting hyperscalers and data-center builders like Nebius.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}