Vistra Energy Corp. (VST) shares tumbled 7.93% in Thursday's pre-market trading session, caught up in a broader selloff in the nuclear energy and artificial intelligence (AI) sectors.
The rapid downturn erased months' worth of gains for Vistra and other nuclear energy stocks, as investors took profits following the massive post-Trump election rally that capped off a stellar multi-year run for the sector.
While the selloff was overdue and a healthy recalibration was necessary, analysts remain optimistic about the long-term prospects of nuclear energy and AI companies like Vistra. The surge in demand for energy-intensive AI applications like ChatGPT, coupled with the U.S. government's initiatives to support the nuclear energy revival, bodes well for Vistra's future growth.
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