35 AI News You Should Not Miss

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12. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 92  

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. The stock, along with a host of others in the utility space, has seen significant gains this year, largely due to perception as an AI play. The demand for AI processes has led to a need for huge amounts of data center power, and utility firms are likely to provide this power. However, BTIG analyst Jonathan Krinsky recently made a case that the S&P 500 utility sector may be poised for a downward correction. In an investor note, the analyst said it was time to fade the utility sector. Krinsky added that XLU, the Utilities Select Sector SPDR Fund, had been rising on a perfect trend since the summer, but it looked poised to break this uptrend soon.

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