Reported about 19 hours ago
Vanguard Group has raised its stake in Talen Energy Corp to 10.4%, as demand for electricity surges due to increased investment in AI technology by major tech companies. The asset management firm, now Talen's second-largest shareholder, purchased over 4 million shares, building on its previous 9.9% ownership. This surge in shares reflects the growing need for power by data centers that are central to AI development.
Source: YAHOO