A surge protector plugged into itself | Market Hang
The panel set out to find a way to reduce AI exposure and ended up back in the AI trade. Amy Wu Silverman of RBC calls it a surge protector plugged into itself. Kevin Mahn of Hennion & Walsh makes the case anyway: Constellation Energy signed a twenty year nuclear supply deal with Alphabet and a twenty year agreement with Microsoft to restart Three Mile Island, so if power is the bottleneck, own the people who generate it. Drew Pettit of Roundhill is not convinced the price leaves room to grow into. Plus the anti data center politics building into the midterms, and where it shows up first.
Featuring
Kevin Mahn, Chief Investment Officer, Hennion & Walsh
Amy Wu Silverman, Head of Derivatives Strategy, RBC Capital Markets
Drew Pettit, Chief Investment Strategist, Roundhill Investments
Kristen Kelly, Co-host, Market Hang, and Co-founder, The Wall Street Skinny
Watch the full episode: https://youtu.be/PLACEHOLDER-REPLACE-BEFORE-POSTING
Timestamps
0:00 Can you diversify away from concentration risk?
0:34 A surge protector plugged into itself
0:48 Every one of these is still the AI trade
1:17 Two weeks out from the midterms
1:30 The anti data center groundswell is bipartisan
1:53 When a town says no, its muni bonds blow out
2:33 A backdoor play, and a twenty year deal with Alphabet
2:47 The agreement that restarts Three Mile Island
2:59 Who actually owns the reactors
3:10 Forward earnings, and the lowest beta of the eleven sectors
3:28 Why this is a position rather than a trade
3:44 The other side: Can the price grow into itself?
3:58 Halo stocks, and why refiners
4:20 Where the affordability squeeze actually shows up
5:17 If the bottleneck is power, the answer is nuclear
5:49 Small modular reactors, and power off grid
6:15 Markets may be pulling too much forward
#Utilities #NuclearPower #AIStocks #MarketHang #YahooFinance
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