Vistra Corporation Surpasses Nvidia Stocks with Extraordinary Growth in 2024
Vistra Corporation's Remarkable Stock Performance
While Nvidia (NASDAQ: NVDA) has been the center of attention since the AI boom started, Vistra Corporation (NYSE: VST) has managed to outperform it by leaps and bounds—achieving an impressive 268.40% increase year-to-date (YTD). In contrast, Nvidia's stocks are up only 156.88% over the same period.
Surge in VST Stock Price
- VST shares rallied by 98.11% over the last six months.
- Up 83.03% in the past thirty days.
- And an additional 17.62% surge in just five days.
Impact of AI on Energy Demand
As artificial intelligence continues to expand, the demand for energy is surging. The proliferation of AI has spurred significant investments, revolutionizing sectors beyond just tech and semiconductors. The World Economic Forum (WEF) estimates that computational power needed for AI is doubling every 100 days, leading to increased energy consumption.
Vistra Corporation: Key to Meeting Energy Demand
Vistra Corporation, as a major competitive power generator in the U.S., is in a prime position to meet this energy demand, holding 41,000 MW of installed capacity. The company has also added four nuclear plants to its holdings thanks to a recent acquisition, further solidifying its role in the surge towards renewable energy.
Future of VST Stocks Amid Nuclear Partnerships
- Investments in nuclear energy are becoming more common among tech giants.
- Alphabet's CEO announced the significance of nuclear power in achieving net-zero emissions.
- With Vistra's recent moves, the stage is set for potential partnerships similar to Microsoft's.
Investors should remain cautious, as entering a stock that has already risen significantly could pose risks. However, VST is still trading at a reasonable forward price-to-earnings (P/E) of 20.72.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.