Wall Street delivered a clear verdict this week: buy power and semiconductors, sell traditional utilities.
NVIDIA led the tech upgrades. The consensus target price rose to $283.24, up from $275.83. That implies further upside from current levels. 55 analysts now hold a Buy rating on the stock.
Analog Devices also saw its consensus target climb. The new average sits at $437.48. The $202 billion chipmaker carries just 2.2% short interest. That signals little bear conviction against the stock.
The power theme continued with two notable upgrades. NRG Energy and Vistra Corp both received upward target revisions. NRG now carries a $200.65 consensus target. Vistra's sits at $225.29. Both names have ridden the AI data centre power demand story hard this year.
The other side of the trade was brutal for regulated utilities. Seven names saw target cuts. Dominion Energy, Xcel Energy, DTE Energy, Sempra, CMS Energy, FirstEnergy, and Consolidated Edison all fell.
The pattern is stark. Merchant power generators win. Rate-regulated utilities lose. Analysts are chasing the AI electricity trade, not defensive yield.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
