The Advocate: Which Louisiana stocks in 2024 were powered by the AI boom?
Peter Ricchiuti, senior professor of practice and research director of Burkenroad Reports, was interviewed by The Advocate for a story about Louisiana companies that have benefited from the explosive growth in AI.
Meta has announced plans to build a massive data center in Richland Parish, and Hut 8 received zoning approval for a $2.5 billion facility in West Feliciana Parish. To meet the demand of those centers and any others that could be headed to the state, Entergy has asked the Louisiana Public Service Commission to approve construction of three new gas power plants. Those plants would cost at least $3.2 billion to build.
"Utility stocks were very, very dull for decades," Ricchiuti said. "But the AI play has made utilities sexy again."
To read the story in its entirety, visit theadvocate.com:
Recommended Reading
- Peter Ricchiuti: The Art of Making Things Make Sense
- What Can You Do With a Business Analytics Degree?
- Meet the MBA Class of ’26: Austin Smith
- Fintech entrepreneur Todd Schwartz to serve as 2024 Freeman Distinguished Lecturer
- Master of Finance degree leads to career in health care and analytics
- Ukrainian scholar to discuss economic impacts of war
Other Related Articles
- NPR: Stocks sink again, as Trump doubles down on tariffs
- Freeman alum Rick Rees rejoins Board of Tulane
- The National Desk: High percentage of Americans have more credit card debt than emergency savings
- Invezz: The growing power of the individual investor
- MarketWatch: Here's how to make your investment adviser prove their stock-picking skill
- Freeman announces new 4+1 degree programs
- Freeman hosts inaugural Alternative Investments Conference
- Fortune: Experts say mortgage rates will stay high as Trump inflation fears negate expected Fed cut
