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Why Blackstone Group Stock Skyrocketed by Nearly 7% on Monday

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Blackstone Group is apparently the front-runner to buy a large utility company in the Southwest U.S. Blackstone's shares closed the day up by almost 7% , convincingly topping the S&P 500 index's nearly 3.3% rise.

Such businesses are seeing heightened interest due in no small part to the rise of artificial intelligence.