Powering AI — the energy behind the AI boom
15 names · nuclear, turbines, uranium & the grid · part of the Santro AI universe
AI's hardest bottleneck isn't chips — it's power. Training and serving large models needs enormous, reliable electricity, and the market has repriced the companies that generate it, move it, and fuel it. This basket tracks that trade end to end: nuclear and independent power producers signing data-center deals, the turbine and electrical-equipment makers working through multi-year backlogs, the uranium miners behind the fuel, and the regulated utilities sitting next to the biggest new loads.
| Ticker | Company | Industry | Market cap |
|---|---|---|---|
| Nuclear & IPP — generators signing data-center power deals | |||
| CEG | Constellation Energy Corp | Utilities - Regulated Electric | ~$92B |
| VST | Vistra Corp | Utilities - Independent Power Producers | ~$70B |
| PEG | Public Service Enterprise Group | Utilities - Regulated Electric | ~$42B |
| NRG | NRG Energy Inc | Utilities - Independent Power Producers | ~$30B |
| Electrical & turbines — picks-and-shovels: turbines, switchgear, backlog | |||
| GEV | GE Vernova Inc | Specialty Industrial Machinery | ~$160B |
| ETN | Eaton Corp plc | Specialty Industrial Machinery | ~$140B |
| NVT | nVent Electric plc | Electrical Equipment & Parts | ~$20B |
| POWL | Powell Industries Inc | Electrical Equipment & Parts | ~$5B |
| Uranium fuel — the fuel behind the nuclear trade | |||
| CCJ | Cameco Corp | Uranium | ~$45B |
| NXE | NexGen Energy Ltd | Uranium | ~$6B |
| LEU | Centrus Energy Corp | Uranium | ~$4B |
| UEC | Uranium Energy Corp | Uranium | ~$4B |
| Grid & utilities — regulated utilities near the new AI load | |||
| SO | Southern Co | Utilities - Regulated Electric | ~$100B |
| ETR | Entergy Corp | Utilities - Regulated Electric | ~$40B |
| Data-center infra — mechanical / thermal buildout | |||
| FIX | Comfort Systems USA Inc | Engineering & Construction | ~$25B |
Other sub-themes: Data-center power & energy · AI chips & compute · AI software & cloud infrastructure · AI applications & data software · Chip equipment & AI hardware · AI platforms, internet & adtech · Applied AI: industrial, defense & vertical
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Seed market caps are approximate and public; live values refresh on the map above and on each ticker page (delayed ~15 min). Membership follows the Santro AI universe. “Hot” means attention, not direction. Education, not financial advice.