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The most interesting thing about Constellation Energy Corp ‘s (NASDAQ: CEG ) latest AI-power deal is not simply that Alphabet Inc ‘s (NASDAQ: GOOGL ) (NASDAQ: GOOG ) Google needs more electricity. It is that one of the biggest names in technology is effectively helping turn Constellation’s nuclear fleet into long-durat
US power company Constellation Energy's shares rose 12.2% to $300.3 after Google parent Alphabet entered into a multi-year deal to buy 3,590 megawatts of power from CEG. The deal includes over $4.3 billion in new investment by Constellation and will expand capacity at several nuclear reactors.
Constellation Energy Corp rose on a report Alphabet nears a multi-year nuclear energy deal. Advanced Micro Devices Inc gained on plans of chip supply boost. Nike Inc fell after Berenberg downgraded to 'sell'.
MYR Group gains on Jefferies upgrade to 'buy'; Spyre Therapeutics slips on $350 mln share sale; AMD gains on chip supply boost plans; Constellation Energy rises on report of Alphabet nearing nuclear energy deal; Nike falls on Berenberg downgrade to 'sell'; Option Care Health jumps on report of $5 billion-plus takeover