Nov. 19 at 11:59 PM
Power stocks surged in Wednesday's extended session, as the rampant demand for data-center hardware is expected to serve as a further boon to energy suppliers.
Nvidia's "acceleration of demand growth continues to support the broader power-demand thematic and suggest any concerns surrounding the magnitude of load growth associated with the AI infrastructure buildout are meaningfully overblown," Evercore ISI analyst Nicholas Amicucci said in a note to clients.
Bloom Energy shares were up more than 7%, while Vistra shares advanced 3% and Fermi shares rose more than 5%.
$NVDA $BE $VST