D
Sep 13, 2026Datacenter power stocks: the second-derivative AI trade
VST, CEG, NRG, GEV, ETR, SO, AEP - the IPPs and utilities feeding hyperscaler AI campuses. ~0.55 residualized correlation. Pure exposure to GW-scale PPAs, not to NVDA's margin trajectory.
Sep 13, 20269 min read0 reactions0 comments