The spotlight is on utility industry stocks due to the AI-driven demand for electricity, becoming an alternative to large tech stocks.
October 10, 2024 2:28 JST (excerpt)
Vista's stock has risen by over 220% since the beginning of the year, surpassing Nvidia.
Constellation surged by 130%, making a leap with the electricity supply to Microsoft.
The technology sector's focus on artificial intelligence (AI) is driving electricity demand, inflating the returns of utility industry stocks and shaking the traditional understanding of the constituent sectors of the S&P 500 stock index. However, Wall Street believes this trend is set to continue.
Vista's stock has risen by over 220% since the beginning of the year, surpassing Nvidia.
Constellation surged by 130%, making a leap with the electricity supply to Microsoft.
The technology sector's focus on artificial intelligence (AI) is driving electricity demand, inflating the returns of utility industry stocks and shaking the traditional understanding of the constituent sectors of the S&P 500 stock index. However, Wall Street believes this trend is set to continue.
Thanks to artificial intelligence (ai), utilities industry stocks have become one of the driving forces in the market so far this year, especially independent electrical utilities companies.VistraandConstellationEnergy's stock price has dramatically increased in the past month.ConstellationThe groundbreaking deal where Constellation supplies nuclear power-generated electrical utilities to microsoft is a key factor. Vistra, a favorite stock of Daniel Loeb, the third point hedge fund operator, is valued for its potential related to artificial intelligence (ai), and the stock price has risen by over 220% so far this year, surpassing Nvidia's 165% increase, becoming the top constituent stock of the S&P 500.
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