20 AI News That Broke The Internet This Month

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17. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 71 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. The stock has jumped on the back of reports earlier this week that tech giant Microsoft was partnering with the utility firm to restart the Three Mile Island in Pennsylvania, the site of the worst nuclear power accident in the US. The project is indicative of the growing power demand of AI data centers and also highlights the AI ambitions of Microsoft. Pennsylvania Governor Josh Shapiro has reportedly written a letter asking grid operator PJM Interconnection to allow the Three Mile Island reactor to be allowed to come online as quickly as possible rather than waiting in the queue as if they were an entirely new development. Morgan Stanley analyst David Arcaro has said that the 20-year Constellation Energy Corporation (NASDAQ:CEG) contract with Microsoft proves the value of nuclear power for hyperscalers.

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