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

Summary: Nuclear names (CEG, VST, OKLO, SMR) sold off hard since 02/03. CEG RSI 4 is an extreme rarely seen in quality names. VST broke into oversold. Meanwhile, construction/industrial names held their overbought levels. The divergence is widening.

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
                                                |
    +----------+----------+----------+----------+----------+----------+----------+----------+----------+
    |          |          |          |          |          |          |          |          |          |
    v          v          v          v          v          v          v          v          v          v
 POWER     COOL      ELEC      BUILD     DATA      PWR       REAL      WATER    BACKUP    COPPER
 (Generate) (Thermal)  (Manage)  (Construct) CABLES   CONNECT   ESTATE    (Cooling)  (Generators) (Material)
    |          |          |          |          |          |          |          |          |          |
    v          v          v          v          v          v          v          v          v          v
  CEG       VRT        ETN       PWR        CRDO      TEL        EQIX      AWK        GNRC       FCX
  VST       TT         ON        EME        GLW       APH        DLR                             SCCO
  OKLO                           FIX        ANET                 AMT
  NEE                            CAT
    |          |          |          |          |          |          |          |          |          |
    v          v          v          v          v          v          v          v          v          v
 CRASH     MIXED     HOT       HOT       MIXED     LAGGING    FLAT     FLAT     STEADY    RAN

• RSI arrow down = Oversold (<30) - potential buying opportunity
• RSI arrow up = 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) - EXTREME Oversold

• What: Largest nuclear fleet in US, Microsoft contract for AI power
• RSI 4 = EXTRAORDINARY. This is the kind of oversold reading you almost never see on a quality utility.
• -30% in 30D, -40% from 52wk high: Full-blown selloff
• vs 02/03: Dropped another 8% since last scan. RSI fell from 16 to 4.
• The thesis: AI data centers need 24/7 baseload power. Nuclear is the only scalable, carbon-free solution.
• Verdict: If the thesis is intact, this is a generational entry. But respect the trend - something is driving selling.

VST (Vistra) - Now Oversold Too

• What: Power generation including nuclear
• RSI 18: Dropped from 36 on 02/03 to 18 now. Both nuclear names in freefall.
• -13% in 7D: Accelerating to the downside
• Verdict: CEG is the primary play, but VST now also in oversold territory.

OKLO - Speculative Crash

• What: Next-gen small modular reactors, Altman is chairman
• -21% in 7 days, -35% in 30D: Brutal
• RSI 29: Barely above oversold
• Verdict: High risk. Pre-revenue company in a sector-wide selloff.

NEE (NextEra) - Cooled Slightly

• RSI 77: Down from 81 on 02/03 but still overbought
• Verdict: Still too hot. Wait for pullback below RSI 60.

FSLR (First Solar) - Bouncing

• +10% in 7D: Bounced off lows
• RSI 44: Neutral territory, not chasing the bounce yet
• Verdict: Watching to see if the bounce holds.

• 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) - Still Running

• What: Largest publicly traded copper producer
• RSI 61: Running but not overbought, essentially unchanged from 02/03 (was 62)
• +55% in 3M: The move has been enormous
• vs 02/03: Price down slightly ($64.46 -> $63.85) but trend intact
• Verdict: Not chasing at +55% in 3M. Wait for pullback to $55-58.

SCCO (Southern Copper) - Still Too Late

• RSI 69: Just below overbought (was 70 on 02/03)
• +37% in 30D: Still running
• Verdict: Don't chase. Wait for -10% pullback.

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

CAT (Caterpillar) - Still Overbought

• RSI 71: Unchanged from 02/03
• +15% in 30D: Kept climbing
• Verdict: Thesis is right, but overbought. Wait for pullback.

VMC & MLM (Aggregates) - The Boring Picks

• RSI ~50: 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)

VRT (Vertiv) - Borderline

• RSI 69: Right at the threshold, unchanged from 02/03
• Verdict: Quality company but wait for pullback to $170-180.

TT (Trane Technologies) - Still Overbought

• RSI 73: Unchanged from 02/03
• Verdict: Too late for now.

MOD (Modine) - STILL RSI 93

• +28% in 7D, +42% in 30D: Parabolic. RSI 93 is extreme.
• Verdict: Do not touch. This is the definition of FOMO.

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

ETN (Eaton) - Still Overbought

• RSI 75: Was 76 on 02/03, essentially unchanged
• Verdict: Thesis is right, but wait for pullback.

ON (ON Semiconductor) - Slipped

• RSI 49: Was 51, slightly weaker. -4% today.
• Verdict: Not as direct AI play, but getting more interesting.

WOLF (Wolfspeed) - Still Struggling

• RSI 32: Was 32 on 02/03 too. Stuck.
• Verdict: Speculative, execution issues persist.

• Someone has to physically build these massive facilities
• Electrical work, mechanical systems, grid connections

ALL STILL OVERBOUGHT. The construction/contractor trade remains CROWDED. RSI readings nearly identical to 02/03.

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) - STILL CRASHED

• RSI 9: Unchanged from 02/03. Still at extreme oversold levels.
• -39% in 3M: Sustained selling
• The bull case: AI GPU clusters NEED their cables. CRDO is a key supplier.
• Verdict: RSI 9 remains extremely rare. If you believe in AI connectivity, this is the deepest value.

ANET (Arista Networks) - NEW DIP

• -12% in 7D: Post-earnings weakness. Dropped from $138 to $129.
• RSI 48: Neutral, not oversold yet
• -22% from 52wk high: Meaningful pullback for a quality name
• vs 02/03: Was steady at $138, now dropped to $129. Worth watching.
• Verdict: Getting interesting. Wait for RSI to drop below 40 or price to find support.

GLW (Corning) - Still Overbought

• RSI 77: Was 78 on 02/03. Still too hot.
• Verdict: 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

The Pattern Holds: GEV, NVT, HUBB running hot. TEL & APH still lagging.

TEL (TE Connectivity) - Still the Interesting One

• RSI 40: Unchanged from 02/03. Still neutral while sector runs hot.
• -8% in 3M: Underperforming while GEV +34%
• Verdict: CRDO logic for power. The divergence with GEV is now +42 percentage points over 3M.

APH (Amphenol) - Took a Hit

• -10% in 7D: Bigger dip than on 02/03
• RSI 47: Still neutral but weakening
• -13% from 52wk high: More attractive than 02/03
• Verdict: Getting more interesting. Quality company with a real pullback now.

GEV (GE Vernova) - Still Overbought

• RSI 81: Was 82 on 02/03. Still too hot.
• Verdict: Already ran. Don't chase.

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

GNRC (Generac) - Still Running

• RSI 68: Was 69 on 02/03, unchanged
• Verdict: Interesting but less direct AI play.

BE (Bloom Energy) - Gave Back Gains

• vs 02/03: Was at $156, now $137. Dropped -12.6% since last scan.
• RSI 48: Was estimated ~70 (overbought). Now normalized.
• Verdict: The correction happened. Now more interesting at RSI 48 than at RSI 70.

EOSE (Eos Energy) - NEW CRASH

• -23% in 7D, -20% in 30D: Energy storage getting slaughtered
• RSI 27: Oversold
• Verdict: Very speculative. Small cap energy storage. High risk.

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

AWK (American Water Works)

• RSI 38: Was 39 on 02/03. Slightly weaker.
• Verdict: Boring but consistent. Not a direct AI play.

XYL (Xylem) - Flat

• RSI 47: Neutral. -7% in 3M.
• Verdict: Water tech, watching for catalyst.

ECL (Ecolab) - Running

• RSI 65: +14% in 3M. Strongest water name.
• Verdict: Getting warm but not overbought yet.

EQIX & DLR - Steady as she goes. No significant change from 02/03.

AMT (American Tower) - Still Dipping

• -25% from 52wk high: Rate sensitivity persists
• RSI 47: Neutral
• Verdict: Rate play. If rates fall, AMT benefits. Otherwise, EQIX/DLR are more pure data center.

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

Prediction: Nuclear power (CEG, VST) is in full capitulation mode. CEG RSI 4 is historically extreme. Either the thesis is broken or this is a major bottom forming. The selling has ACCELERATED since 02/03.

Phase 1: CHIPS (Direct AI)
+-- NVDA, AMD, AVGO
+-- Already happened (2023-2024)
+-- Now: Consolidating

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

Phase 3: POWER (AI needs electricity)
+-- CEG, VST, OKLO, SMR
+-- CAPITULATION IN PROGRESS
+-- CEG RSI 4, VST RSI 18

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

{
  "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",
    "GEV", "NVT", "HUBB",
    "BE", "EOSE"
  ],
  "description": "Complete AI Infrastructure - power, cooling, electrical, construction, data/optical connectivity, manufacturing, power connectors, REITs, materials, backup, water"
}

Next update: Watch CEG for capitulation bottom. Nuclear selloff is the key story. If CEG stabilizes, it may signal the rotation bottom.