Why Vertiv Holdings, Constellation Energy, and NuScale Power Surged Higher Today
Vertiv(VRT) The Motley Fool·2024-08-01 02:52
These "AI adjacent" electricity and power management companies surged on the back of Microsoft's and AMD's strong AI outlooks. Shares of data center infrastructure company Vertiv Holdings (VRT 9.11%), as well as nuclear power-oriented companies Constellation Energy (CEG 12.89%) and NuScale Power (SMR 9.79%) were rallying big in Wednesday's trading, up 9.9%, 11.6%, and 6.5%, respectively, as of 12:44 p.m. ET. These three companies can be thought of as "artificial intelligence (AI) adjacent," as each is thoug ...