Reported 11 months ago
Shares of Texas power producer Vistra Corp. experienced their worst week in three years as investors reversed bets on an AI-driven surge in electricity demand, leading to a 14% decline in share value. The market pullback follows a previous rally where Vistra's stock price quadrupled in a year, outperforming AI leader Nvidia Corp. Traders invested in companies supporting energy needs for data centers amid the AI boom, but recent retreats have impacted Vistra, Constellation Energy Corp., and electricity equipment manufacturers. Despite near-term challenges, analysts anticipate a potential rebound for Vistra as demand for AI computing and energy consumption continues to grow.
Source: YAHOO