Jul. 8 at 1:31 PM
The divergence in the power trade this morning highlights exactly why stock picking matters in the AI supercycle. We're seeing
$VST surge nearly 5% past
$154 in early action, driven by its undeniable ties to next-gen data center infrastructure. Meanwhile,
$CEG is taking a ~4.9% haircut down to the
$238 range.
Don't let the intraday rotation shake you out of the macro reality: hyperscalers cannot build their AI infrastructure without locking down baseload power first. The grid remains the ultimate bottleneck. While the market tests support levels on specific names today, the fundamental supply/demand imbalance for clean megawatts hasn't shifted an inch. We are still in the early innings of this thematic supercycle.
