Stock Market Today: Live Updates

Utilities, best known for their regular dividend payments, are experiencing a resurgence in popularity, thanks to the enthusiasm generated by artificial intelligence.

Consider that the SPDR Utilities Select Sector Fund (XLU) is up 6.8% in May alone, outperforming the SPDR Technology Select Sector Fund (XLK), which is up 5.2% this month .

Here’s how the utility AI game plays out: AI data centers are going to require a significant amount of electricity — and even as tech companies shift to renewable energy sources, natural gas will play a key role in meeting these energy needs.

See here a list of dividend-paying utilities that could benefit from enthusiasm for AI, according to Wells Fargo.

–Darla Mercado

Shares of meme stock favorites GameStop and AMC soared in extended trading Monday, following sharp moves earlier in the day spurred by the re-emergence of “Roaring Kitty.”

GameStop stock soared more than 7%, while AMC climbed nearly 15%. Trading at the brick-and-mortar video game retailer was halted several times on Monday due to increased volatility.

—Brian Evans

Games Global Limited is postponing its IPO scheduled for May 14, the company announced Monday.

The online casino games provider said concerns over market conditions were behind the decision. Games Global plans to issue 14.5 million shares at a price of $16 to $19 per share.

—Brian Evans