Vistra’s stock is J.P. Morgan’s top pick among independent power producers, even though its shares have already rocketed more than fourfold over the past 12 months.

While TSMC issued upbeat commentary on the state of the AI market, Wall Street perhaps already had that confidence.

ETFs that track uranium miners and nuclear-energy stocks have skyrocketed in October, as some of the largest tech companies have tapped into nuclear power to fuel data centers as part of their AI push.