There’s a war happening underneath the AI revolution that most investors haven’t fully priced in. It’s not a war for compute or chips. It’s a war for power - and I mean that literally. Every major AI model trained, query answered by a data center, and hyperscale facilities running around the clock all need a massive amount of electricity. Reliable, around-the-clock, clean electricity. That growing need has created a structural, decade-long mega-trend that is only getting louder as the demand for AI grows. While the market obsesses over semiconductors and software, there’s a silent player that sits at the very foundation of this entire buildout. One company that owns more carbon-free baseload power than anyone else in the country. One company that just made the largest acquisition in the U.S. power sector in over a decade. One company that restarted a nuclear plant the world had written off and sold every single megawatt to Microsoft before it even came back online.
