What are the top stocks in the Datacenter Power bubble?

QuantAbundancia maps 9 primary stocks to the Datacenter Power bubble: CEG, VST, TLN, BE, GEV, AEP, ETR, NVTS, NRG.

What ETFs carry the Datacenter Power thesis?

1 ETF on QuantAbundancia carry the Datacenter Power thesis: AIS.

How correlated are Datacenter Power stocks?

The Datacenter Power bubble's primary members co-move with a 252-day average correlation of 0.37 across 36 pairs - weak co-movement.

Datacenter Power

AI eats electricity. Utilities and independent power are the unlock.

0.366avg corr (252d)

0.02 / 0.79min / max

36pairs

9primary stocks

1etfs

Weak co-movement

Stocks

CEGConstellation Energy Corporation
Largest US nuclear generator.
$251.77
VSTVistra Corp.
Independent power, nuclear + gas.
$152.56
$140fib+9%
TLNTalen Energy Corporation
Susquehanna nuclear deal with AMZN.
$368.29
BEBloom Energy Corporation
Pure-play solid-oxide fuel cell (SOFC) manufacturer - public-equity expression of the AI datacenter grid-bypass thesis. Oracle MSA April 2026 (up to 2.8 GW, 1.2 GW initial) is the largest commercial SOFC deployment commitment to date. Aschenbrenner's Situational Awareness LP largest long ($879M, Q1 2026 13F). Weight 0.85 reflects pure-play exposure and named-customer conviction with execution risk on manufacturing scale-up against the order book.
$206.73
$118fib+75%
GEVGE Vernova Inc.
Gas turbines for data center peakers.
$1036.22
$867fib+20%
AEPAmerican Electric Power Co.
American Electric Power - Midwest utility (PJM grid + Ohio/Virginia hyperscaler campuses); largest single-ticker datacenter-load exposure in the universe.
$133.13
ETREntergy Corporation
Entergy - Southeast utility (Louisiana, Mississippi, Arkansas, Texas); Meta + AWS + Hyundai campus build-outs driving multi-year load growth.
$114.87
NVTSNavitas Semiconductor Corporation
Navitas Semiconductor - GaN + SiC power semiconductors for high-density datacenter power supplies + EV chargers.
$11.76
$257fib-95%
NRGNRG Energy, Inc.
Retail + generation.
$132.75
Adjacent (secondary)
ETNEaton Corporation plc
Power distribution for DCs.
$396.27
CVXChevron Corporation
Classifier 2026-05-07: extended tier, corr 0.30 to datacenter-power centroid (29 obs, 2nd: space 0.192). is_primary_bubble=FALSE.
$183.86
DVNDevon Energy Corporation
Classifier 2026-05-07: extended tier, corr 0.41 to datacenter-power centroid (29 obs, 2nd: networking-optical 0.254). is_primary_bubble=FALSE.
$43.03
EQTEQT Corporation
Classifier 2026-05-07: extended tier, corr 0.45 to datacenter-power centroid (29 obs, 2nd: nuclear-smr 0.215). is_primary_bubble=FALSE.
$49.40
HALHalliburton Company
Classifier 2026-05-07: extended tier, corr 0.52 to datacenter-power centroid (29 obs, 2nd: networking-optical 0.404). is_primary_bubble=FALSE.
$35.04
IRENIREN Limited
Classifier 2026-05-07: extended tier, corr 0.46 to datacenter-power centroid (29 obs, 2nd: nuclear-smr 0.428). is_primary_bubble=FALSE.
$34.83
$43fib-19%
ONON Semiconductor Corporation (onsemi)
Classifier 2026-05-07: extended tier, corr 0.45 to datacenter-power centroid (29 obs, 2nd: cooling-dc-infra 0.412). is_primary_bubble=FALSE.
$88.12

Correlation matrix (252d)

	AEP	ETR	BE	CEG	GEV	NRG	TLN	VST	NVTS
AEP	·	0.66	0.08	0.24	0.02	0.26	0.10	0.22	0.02
ETR	0.66	·	0.12	0.38	0.16	0.39	0.27	0.34	0.06
BE	0.08	0.12	·	0.34	0.48	0.36	0.37	0.40	0.41
CEG	0.24	0.38	0.34	·	0.40	0.69	0.75	0.79	0.23
GEV	0.02	0.16	0.48	0.40	·	0.45	0.44	0.42	0.34
NRG	0.26	0.39	0.36	0.69	0.45	·	0.68	0.77	0.22
TLN	0.10	0.27	0.37	0.75	0.44	0.68	·	0.79	0.27
VST	0.22	0.34	0.40	0.79	0.42	0.77	0.79	·	0.25
NVTS	0.02	0.06	0.41	0.23	0.34	0.22	0.27	0.25	·

Ticker order reflects hierarchical clustering assignment. Tighter green blocks on the diagonal = stronger sub-clusters within the bubble.

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Related bubbles· by shared members

Cooling / DC Infra1 shared

ETFs carrying the thesis

AIS
VistaShares Artificial Intelligence Supercycle ETF
VistaShares
$35M

Sub-clusters

Frequently asked questions

What are the top stocks in the Datacenter Power bubble?: QuantAbundancia maps 9 primary stocks to the Datacenter Power bubble: CEG, VST, TLN, BE, GEV, AEP, ETR, NVTS, NRG.
What ETFs carry the Datacenter Power thesis?: 1 ETF on QuantAbundancia carry the Datacenter Power thesis: AIS.
How correlated are Datacenter Power stocks?: The Datacenter Power bubble's primary members co-move with a 252-day average correlation of 0.37 across 36 pairs - weak co-movement.