33 Most Important AI Companies You Should Pay Attention To

6. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 54 

YTD Return as of August 1: 89% 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. Tech giants who are building data centers have linked their power purchase efforts with sustainability initiatives. Constellation is one of the leading sustainable energy producers in the US and has impressive reliability. For example, in the earnings report released in June, the firm revealed that the sites it generated power from were operational 94.4% of the time. The firm also recently announced a partial ownership stake in the South Texas Electric Generating Station, a 2,645 MW dual-unit nuclear plant located in Texas.

Joseph Dominguez, the CEO of Constellation Energy Corporation (NASDAQ:CEG), said during the second quarter earnings call that data centers, linked to AI development, were crucial to the national security and economic competitiveness of the US. He noted that colocation of data centers with nuclear power plants was the fastest and most cost-effective way to develop critical digital infrastructure without burdening customers with expensive upgrades.