Nvidia Corp NVDA isn’t the only S&P 500 stock benefiting from AI.
Meet Vistra Corp VST, a Texas utility that has surged 45.69% in the past month, outpacing Nvidia’s 12.43% gain.
What’s unique? Vistra is using AI in innovative ways.
Vistra & AI Energy Demand
Normally, you wouldn’t link a utility with AI, but Vistra is different. They provide nearly 20% of Texas’ electricity and are expanding into nuclear power to meet growing energy demands from AI data centers.
Vistra’s Nuclear Strategy
After acquiring more nuclear assets, Vistra’s stock jumped. Nuclear energy is crucial for AI infrastructure, making Vistra a significant player in this market.
Vistra Stock Trend
Currently priced at $129.60, Vistra’s stock remains strong, above key moving averages, indicating ongoing demand and potential for further growth.
The Surprising AI Utility Stock
With a year-to-date increase of 241.48%, Vistra not only surpasses Nvidia but also sets a new standard in the utility sector, driven by the power needs of data centers.
Read Next:
Photo: Shutterstock
Market News and Data provided by Benzinga APIs
© 2024 Benzinga.com. All rights reserved.
`