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Trump Power Plan Sparks Volatility in Energy Stocks, AI Sector Implications

Trump Power Plan Sparks Volatility in Energy Stocks, AI Sector Implications

Published:
2026-01-16 22:43:01
20
2
BTCCSquare news:

Power stocks experienced dramatic swings Friday following reports of a TRUMP administration proposal to shift data center energy costs to tech giants. GE Vernova surged 6.1% on anticipated gas turbine demand, while Constellation Energy and Vistra plunged nearly 10% as their existing power purchase agreements faced potential disruption.

The initiative targets PJM Interconnection's grid across 13 states, proposing emergency auctions where Big Tech WOULD fund $15 billion in new power infrastructure through 15-year contracts. Virginia's data center clusters—where electricity prices have soared—highlight the growing political tension between AI expansion and household energy affordability ahead of midterm elections.

|Square

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