Many tech companies are rapidly developing infrastructure for artificial intelligence as they compete for dominance in this red-hot market. AI is very power-intensive — and its power needs are only set to rise in the coming years. But that also means there's an investment opportunity in the utility sector.
"So in my view, you're a couple years from probably being very tight on power supply," added Dunn, who is also the co-head of value equity at the firm. CMS is a company that "really drives renewables" — a play that's in line with many hyperscalers that are "very focused" on green energy, Dunn said.
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