Electrical power stocks Powell Industries and Vistra Corp have surged 7% to 8% today as investors see a buying opportunity after weeks of selling pressure. Powell, known for its role in data centers crucial for AI, may have been oversold, prompting this bounce back. With a modest dividend yield and potential growth as investments in AI continue, Powell could benefit significantly in the power supply market for data centers. The overall positivity in market sentiment has helped both stocks recover.
Investors have spotted a buying opportunity in Powell Industries and Vistra Corp, both gaining between 7% and 8% today after being oversold in recent weeks.
Powell Industries, down 20% year-to-date, is seen as having great potential in supplying power for growing data centers, a key area amid the AI boom.
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