Retailers Face Fuel Costs as Utility ETFs Soar Amid AI Growth

The Q2 earnings season is coming to a close, but several major retail companies, including Walmart, are still expected to report their quarterly results. These retailers have faced significant challenges in recent months due to rising fuel costs and increased expenses.

Zacks Investment Research notes that utility ETFs, such as IDU, may benefit from the growing use of artificial intelligence (AI) and its increasing power consumption. AI's energy demands are creating a major growth opportunity for utilities.

Oracle has expanded its partnership with Amazon Web Services (AWS), allowing customers to access Exadata-class performance in 22 regions. This move is seen as a step forward in Oracle's multicloud strategy.