Forget AI Stocks: This Energy Stock Has AI-Sized Upside Without the Tech Stock Risk Profile

Group 1: AI and Investment Opportunities - Artificial intelligence (AI) is a major theme in investing, generating enthusiasm for technology stocks, but there are alternative ways to gain AI exposure with less volatility, such as investing in companies supporting AI data center infrastructure [1] - The International Energy Agency projects that global electricity consumption by data centers will at least double by 2030, indicating significant demand for energy producers and utility companies [1] Group 2: Dominion Energy Overview - Dominion Energy, headquartered in Richmond, Virginia, provides electricity to a state with nearly 600 data centers, particularly in Loudoun County, known as "Data Center Alley" [3] - A state government study found that northern Virginia's data centers account for 13% of the world's operational capacity and 25% of capacity in the Americas, with unconstrained demand for power expected to double in the next 10 years [4] - Dominion Energy is under contract to build 40 gigawatts of new generation capacity to support over 70 new data centers planned for Virginia [5] Group 3: Business Diversification - Dominion Energy serves 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina, and provides natural gas service to 500,000 customers in South Carolina [8] - The company is a leading producer of offshore wind and solar power and the largest producer of carbon-free electricity in New England, with nuclear power stations accounting for over 40% of its electricity generation [8]