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Why This 9.9% Yielding AI Utility Fund Is Dangerously Overvalued

The AI data center boom has sent utility stocks soaring, but one popular closed-end fund trading at nearly double its net asset value poses significant risks for income investors. Learn why GUT’s 9.9% yield comes with substantial overvaluation concerns.

Artificial intelligence infrastructure investments are reshaping the global economy, creating both opportunities and pitfalls for income investors. While the AI data center buildout drives unprecedented power demand, one particular utility-focused closed-end fund has become dangerously disconnected from its underlying value. The Gabelli Utility Trust (GUT) currently yields an attractive 9.9%, but our analysis reveals it’s trading at nearly double its net asset value, making this popular AI play approximately 90% overvalued.

The AI Data Center Revolution Driving Power Demand

Arts and EntertainmentStartups

Apple Nears Prompt AI Acquisition to Boost Computer Vision Capabilities

Apple is finalizing a deal to acquire talent and technology from computer vision startup Prompt AI. The 11-person company specializes in advanced visual recognition systems for security cameras and home monitoring applications.

Apple is advancing toward a strategic acquisition of computer vision startup Prompt AI, targeting both the company’s technical expertise and its sophisticated visual recognition technology. According to exclusive reporting from CNBC, the tech giant is in late-stage negotiations to absorb key personnel from the 11-person artificial intelligence firm, marking another move in Apple’s ongoing effort to strengthen its AI capabilities through targeted talent acquisition.

Acquisition Details and Employee Transition