Renowned investor Peter Thiel sold his entire stake in electricity producer Vistra Energy (VST) in the third quarter, a recent SEC filing showed. Vistra's nuclear plants currently produce about 6.6 gigawatts of power, and the Street has been excited about nuclear plants' ability to power data centers amid the AI Revolution.
Indeed, the combination of the Trump administration's pro-nuclear stance and the proliferation of power-hungry data centers could enable many nuclear-power producers, including VST, to generate huge profits over the long term. But on the other hand, Thiel's move is one of several signs that VST stock may have become overvalued.
