Hubbell: An Unexpected AI Beneficiary, But Shares Look Fully Valued

2026-02-05 09:00:00 ET

Hubbell ( HUBB ) is not the first company you think would be a big beneficiary of AI data center growth. However, artificial intelligence is turning out to have unexpected impacts. There was a time when some analysts believe AI would benefit software companies. More recently it has been mostly the opposite, with some now calling it the SaaSpocalypse. Investors are panicking that software company moats are being eroded by powerful new coding tools such as Claude Code. Meanwhile many utility companies ( XLU ) started to see a positive impact from increased electricity demand growth. More recently a group of companies that supply components to utilities and grid operators is starting to see this growth reach them. ...

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