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U.S. equities rebounded at midday, buoyed by optimism for nuclear energy and Tesla's recovery from disappointing delivery numbers. Vistra, NRG Energy, and Constellation Energy surged due to rising electricity demand for AI data centers, while U.S. Steel shares fell after President Biden blocked Nippon Steel's takeover on national security grounds. Alcohol stocks declined following health warnings about drinking and cancer.
NRG Energy Inc. is collaborating with Renew Home LLC to distribute approximately 650,000 AI-enabled thermostats utilizing Google Cloud technology in Texas over the next decade. This initiative aims to reduce electricity demand by nearly 1 gigawatt, sufficient to power 200,000 homes and alleviate stress on the state's electrical grid during peak summer usage.
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