Microsoft (MSFT), Constellation Energy (CEG) Deal Bullish for Utilities

The two companies formed an unlikely alliance to power up nuclear reactors at Three Mile Island. The goal: to power Microsoft's (MSFT) planned data centers to expand its A.I. output. Tom Essaye calls the deal a bullish case for utilities in the long-term. He also says this deal "can kickstart a whole lot of deals like this," pointing to electricity and crypto mining stocks.

The Watch List

20 Sep 2024

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