Where does AI money flow through traditional sectors? Power, copper, construction - the picks and shovels.

AI doesn't just need GPUs. It needs:

1. Power - Data centers consume massive electricity (nuclear, solar, utilities)
2. Copper - Wiring, infrastructure, electrification
3. Construction - Data center buildings, aggregates, equipment
4. Real Estate - Tower space, data center facilities

This scan tracks where AI money flows through traditional sectors, helping you:

• Find AI plays in non-tech sectors
• Predict rotation patterns
• Avoid chasing (knowing what already ran)

This is bigger than you think. AI data centers need 9+ different supply chains:

                                         AI COMPUTE DEMAND
                                                │
    ┌──────────┬──────────┬──────────┬──────────┼──────────┬──────────┬──────────┬──────────┬──────────┐
    │          │          │          │          │          │          │          │          │          │
    ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼
 ⚡ POWER   ❄️ COOL    🔌 ELEC    🏗️ BUILD   🔗 DATA    🔌 PWR     🏢 REAL    💧 WATER   🔋 BACKUP   🪨 COPPER
 (Generate) (Thermal)  (Manage)  (Construct) CABLES   CONNECT   ESTATE    (Cooling)  (Generators) (Material)
    │          │          │          │          │          │          │          │          │          │
    ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼
  CEG       VRT        ETN       PWR        CRDO      TEL        EQIX      AWK        GNRC       FCX
  VST       TT         ON        EME        GLW       APH        DLR                             SCCO
  OKLO                           FIX        ANET                 AMT
  NEE                            CAT
    │          │          │          │          │          │          │          │          │          │
    ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼          ▼
 🟢 DIP    🔴 HOT    🔴 HOT    🔴 HOT     🟢 CRASH  🟢 LAGGING 🟡 FLAT   🟡 FLAT   🟡 STEADY  🔴 RAN

• RSI ↓ = Oversold (<30) - potential buying opportunity
• RSI ↑ = Overbought (>70) - FOMO warning, may pullback
• 52wkHi = % from 52-week high (how far below peak)

• Single AI data center can consume 100+ MW (small city equivalent)
• Training GPT-5 scale models requires billions of compute hours
• Nuclear = baseload, 24/7, no carbon = perfect for AI
• Solar = scaling fast, but intermittent

CEG (Constellation Energy) - The Alpha Play

• What: Largest nuclear fleet in US, Microsoft contract for AI power
• Why -24%: Pulled back from $400+ highs, profit-taking
• The thesis: AI data centers need 24/7 baseload power. Nuclear is the only scalable, carbon-free solution.
• RSI 16 = deeply oversold. This is rare for a quality utility.
• Verdict: Best risk/reward in AI infrastructure right now.

VST (Vistra) - Nuclear + Gas

• What: Power generation including nuclear
• Why down: Same profit-taking as CEG
• RSI 36: Not as oversold as CEG but still attractive
• Verdict: Second choice after CEG if you want power exposure.

OKLO - Sam Altman's Nuclear Bet

• What: Next-gen small modular reactors, Altman is chairman
• Why -18%: Speculative, no revenue yet, rate sensitivity
• The bull case: If AI needs nuclear, Altman is positioning OpenAI's power supply
• The bear case: Pre-revenue, years from commercialization
• Verdict: Speculative, but interesting thesis alignment.

NEE (NextEra) - Already Ran

• RSI 81 = OVERBOUGHT
• Verdict: Too late, wait for pullback.

• Data centers need massive electrical infrastructure
• Electrification of everything (EVs, grid, AI) requires copper
• Supply is constrained (mines take 10+ years to develop)

FCX (Freeport-McMoRan) - The Copper King

• What: Largest publicly traded copper producer
• Why +19%: AI infrastructure demand + China stimulus hopes
• RSI 62: Running but not overbought yet
• The question: Is +57% in 3M too much? Or is copper structural?
• Verdict: Not chasing at +19%, but watch for pullback to $55-58.

SCCO (Southern Copper) - Too Late

• RSI 70 = OVERBOUGHT
• +39% in 30D = you missed this one
• Verdict: Don't chase. Wait for -10% pullback.

The copper thesis is real:

1. AI demand: Data centers need copper for electrical systems
2. EV demand: EVs use 3-4x more copper than ICE vehicles
3. Supply constraint: New mines take 10-15 years to permit and build
4. China: Stimulus could add demand

But +57% in 3 months is a lot. Pullback likely.

• Data centers are physical buildings that need:
  • Heavy equipment (CAT)
  • Aggregates/concrete (VMC, MLM)
  • Site preparation

CAT (Caterpillar) - Data Center Construction Boom

• What: Heavy equipment for construction
• Why +14%: Data center construction + infrastructure spending
• RSI 71 = OVERBOUGHT
• Verdict: Thesis is right, but wait for pullback.

VMC & MLM (Aggregates) - The Boring Pick

• What: Rocks, gravel, concrete for construction
• RSI ~51: Neutral, not overbought
• Verdict: Boring but buildable if you want infrastructure exposure.

• AI racks run 20-100+ kW (vs 5-10 kW traditional servers)
• Without cooling, GPUs literally melt
• Liquid cooling becoming standard (air cooling can't keep up)
• Eaton bought Boyd Thermal for $9.5B in late 2025 - signals the shift

VRT (Vertiv) - The Pure Play

• What: Thermal management, power distribution, modular data center solutions
• Why it ran: Direct AI beneficiary - their cooling solutions are in every major data center
• RSI 70: Right at overbought threshold
• Verdict: Quality company but wait for pullback to $170-180.

TT (Trane Technologies) - HVAC Giant

• What: Industrial HVAC, including data center cooling
• RSI 74 = OVERBOUGHT
• Verdict: Too late for now.

• Data centers need complex electrical systems
• Power distribution, transformers, switchgear
• Power semiconductors for efficiency

ETN (Eaton) - The Power Giant

• What: Electrical systems, power management, acquired Boyd Thermal ($9.5B) for liquid cooling
• Why +14%: AI data center power demand + Boyd acquisition
• RSI 76 = OVERBOUGHT
• Verdict: Thesis is right, but chase would be painful. Wait for pullback.

ON (ON Semiconductor) - Power Semis

• What: Power semiconductors, used in power management
• RSI 51: Neutral
• Verdict: Not as direct AI play, but power efficiency matters.

WOLF (Wolfspeed) - Silicon Carbide

• What: Silicon carbide chips for power efficiency
• -30% in 3M: Has been struggling
• Verdict: Speculative, company has execution issues.

• Someone has to physically build these massive facilities
• Electrical work, mechanical systems, grid connections
• $39B+ backlog at Quanta alone

ALL OVERBOUGHT. The construction/contractor trade is CROWDED.

PWR (Quanta Services) - Grid Construction

• What: High-voltage transmission, grid modernization
• $39B backlog through 2026+
• RSI 73: Too hot.

EME (EMCOR) - Data Center Specialist

• What: Largest specialty contractor, electrical/mechanical systems
• RSI 72: Overbought.

FIX (Comfort Systems) - HVAC Contractor

• What: Mechanical systems installation
• +23% in 3M, RSI 73: Way too late.

Verdict: You missed this sector. Wait for significant pullback (10-15%).

• GPUs need to talk to each other at massive bandwidth
• Fiber optics for long distance
• Copper/active electrical cables (AECs) for short distance inside racks
• This is the "nervous system" of AI

CRDO (Credo Technology) - THE OPPORTUNITY?

• What: Active electrical cables (AECs) - copper cables with chips inside
• Why it matters: AECs are replacing fiber for short distances inside racks (3-7 meters)
• RSI 9 = DEEPLY OVERSOLD - This is extreme
• Why -40%?: Broader tech selloff, growth stock rotation
• The bull case: AI GPU clusters NEED their cables. CRDO is a key supplier.
• Verdict: Worth serious research. RSI 9 is rare for a company with real AI demand.

GLW (Corning) - Fiber Optics

• What: Fiber optic cables, glass for data centers
• +28% in 30D, RSI 78: Already ran hard.
• Verdict: Too late, wait for pullback.

• Data centers need massive amounts of power routed to racks
• Industrial connectors, wiring devices, power couplings
• This is the "CRDO equivalent" for power - the physical wiring of electricity
• Same logic: everyone talks about power generation, few talk about power distribution hardware

The Pattern: Just like data cables (GLW ran, CRDO crashed), power connectors show similar divergence:

• GEV, NVT, HUBB already ran → overbought
• TEL & APH lagging → potential opportunity

TEL (TE Connectivity) - THE INTERESTING ONE

• What: World's largest connector company - power AND data connectors
• RSI 40: Neutral while sector runs hot
• -8% in 3M: Underperforming while GEV +34%
• -10% from 52wk high: Actual pullback
• Verdict: CRDO logic for power. Worth research. Hasn't participated in the rally.

APH (Amphenol) - Data + Power Connectors

• What: High-performance connectors for aerospace, military, industrial
• RSI 47: Neutral, recent dip
• -13% from 52wk high: Pulled back more than sector
• Verdict: Quality company, watching for better entry.

GEV (GE Vernova) - Grid Equipment

• What: Transformers, grid equipment (spun from GE)
• RSI 82 = OVERBOUGHT, +34% in 3M
• Verdict: Already ran. Too late.

• Data centers need 99.999% uptime
• Generators, UPS systems, fuel cells

GNRC (Generac) - Backup Generators

• What: Backup power generators
• RSI 69: Running but not overbought yet
• Verdict: Interesting but less direct AI play.

• Cooling systems often use water
• Evaporative cooling is common
• Data centers are HUGE water consumers

AWK (American Water Works)

• What: Largest water utility in US
• RSI 39: Neutral, slight dip
• Verdict: Boring but consistent. Not a direct AI play, more of a side effect.

AMT (American Tower) - Interesting Dip

• What: Cell towers and data centers
• Why -27% from 52wk high: Rate sensitivity (REITs hate high rates)
• Verdict: If you believe rates will fall, AMT is a play. Otherwise, EQIX/DLR are more pure data center.

Based on rotation patterns, here's what typically happens:

Prediction: Nuclear power (CEG, VST) had its first run, is now pulling back. Could be setting up for second leg if AI demand thesis continues.

Phase 1: CHIPS (Direct AI)
├── NVDA, AMD, AVGO
├── ✅ Already happened (2023-2024)
└── Now: Consolidating

Phase 2: MEMORY (AI needs storage)
├── MU, STX, WDC
├── ✅ Just happened (+40-50%)
└── Now: Overbought, wait for pullback

Phase 3: POWER (AI needs electricity)
├── CEG, VST, OKLO, SMR
├── 🟢 PULLING BACK NOW
└── Opportunity: CEG at RSI 16

Phase 4: INFRASTRUCTURE (Build data centers)
├── FCX (copper), CAT (equipment)
├── Running/Overbought
└── Wait for pullback

Phase 5: SOFTWARE AI?
├── Enterprise AI (CRM, NOW, PLTR)
├── Still bleeding (-15 to -20%)
└── Watch for rotation back

cd stonks
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  "symbols": [
    "CEG", "VST", "TLN", "OKLO", "SMR", "NEE", "FSLR",
    "VRT", "TT", "MOD",
    "ETN", "ON", "WOLF",
    "PWR", "EME", "FIX", "CAT", "VMC", "MLM",
    "CRDO", "GLW", "ANET", "LITE",
    "CLS",
    "TEL", "APH",
    "EQIX", "DLR", "AMT",
    "FCX", "SCCO",
    "GNRC", "AWK", "XYL", "ECL"
  ],
  "description": "Complete AI Infrastructure - power, cooling, electrical, construction, data/optical connectivity, manufacturing, power connectors, REITs, materials, backup, water"
}

Next update: When nuclear (CEG/VST) moves significantly or rotation shifts.