Constellation Energy Stock Soars 10% as AI Demand Fuels Power Surge

Constellation Energy’s shares soared by 10% this week, driven by the burgeoning demand for electricity powering artificial intelligence (AI) projects. CEO Joe Dominguez spearheaded strategic initiatives that fueled the surge in investor confidence, reflecting a wider market trend towards AI infrastructure growth. The company’s success is underscored by its recent acquisition of Calpine, which bolsters its energy capacity and aligns with government initiatives supporting AI development.