The artificial-intelligence boom is not only benefiting semiconductor companies like Nvidia but also impacting utilities, energy, and materials sectors positively. Shares in Vertiv (VRT), a company providing equipment for data centers, have more than doubled this year. Eaton (ETN), a power-management equipment manufacturer, has seen a 42% increase in its stock value. Johnson Controls (JCI), which manufactures electronic systems for commercial buildings, has also gained 28%. The AI boom is driving these stocks’ growth in dowdier sectors.
