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Should data centers do more to pay their way? Stein backs new rules on electrical bills

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Should data centers do more to pay their way? Stein backs new rules on electrical bills

A deal between tech companies building data centers, and Duke Energy which provides most of North Carolina's electricity, is before the state Utilities Commission. Governor Josh Stein said North Carolina it's a start but is too friendly to the industry, and doesn't do enough to

Directly affected

  • DUK Duke Energy+7.5% 30d

    Named in this report.

Indirectly affected

  • QQQ Invesco QQQ+0.4% 17d

    Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-2.2% 30d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.

  • XLU Utilities Select Sector SPDR+1.8% 30d

    Utilities Select Sector SPDR: it holds power utilities. Linked by “electricity” (power and utilities) in this story.

  • GOOGL Alphabet-8.2% 30d

    Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.

  • MSFT Microsoft+7.1% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.

  • META Meta Platforms-6.0% 30d

    Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.

  • AMZN Amazon.com+0.2% 30d

    Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.

  • NEE NextEra Energy+0.5% 18d

    NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DUKNo price data for this ticker———————
QQQ+0.41%-2.50%baseafter closeafter closeafter closeafter close
AIQNo price data for this ticker———————
XLUNo price data for this ticker———————
GOOGLNo price data for this ticker———————
MSFTNo price data for this ticker———————
METANo price data for this ticker———————
AMZNNo price data for this ticker———————
NEENo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Should data centers do more to pay their way? Stein backs new rules on electrical bills WRAL

Source: WRAL

This story

CompanyWhenMoveStatus
QQQthree days earlier-2.50%final price
QQQfive days earlier+0.41%final price

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This story

12 out of 100

“Should data centers do more to pay their way? Stein backs new rules on electrical bills” scores 12 out of 100. The score uses 1 sources.