[Expert Commentary] US 'AI Energy Bill' Passed! The Secret Behind the 'Power and Infrastructure Stocks' That Professionals Are Buying En Masse After Nvidia
Hello!
As we welcome the autumn of 2026, I can feel a ‘massive tectonic shift’ occurring in global financial markets and policy arenas.
That is the ‘AI Energy Infrastructure Strengthening Act’ passed in the United States.
The other day, an acquaintance who manages a portfolio centered on technology stocks through the new NISA program consulted me with a look of anxiety.
‘Nvidia’s stock price has been incredible riding the AI boom, but I’m a bit scared to jump in now. What kind of AI-related stocks are professional institutional investors targeting after Nvidia?’
When the stock prices of flashy AI technology companies make news every day, I completely understand the feeling of being anxious and thinking, ‘I have to buy now too!’
However, I will tell you clearly.
‘Right now, institutional investors around the world are shifting their funds en masse, not to flashy AI companies, but to the ‘super-boring power and infrastructure stocks’ that support AI from behind the scenes.’
Today, based on official data from the International Energy Agency (IEA) and top academic papers on climate change and energy, I will explain ‘why AI and electricity are linked right now’, and the ‘gentle reasons why professionals buy boring infrastructure stocks.’
While you drink a warm cup of coffee, please take a little peek at the ‘real world’ behind the magic of AI.
1. Why was the ‘AI Energy Bill’ created?
The convenient AI that runs on our smartphones and computers.
It looks like magic in the cloud, but its true form is a physical system where countless computers lined up in massive data centers are performing calculations at a furious pace.
When you analyze official data such as the ‘Electricity 2024’ report published by the International Energy Agency (IEA), a surprising fact emerges.
According to IEA analysis, the power consumption of global data centers for processing AI and crypto assets is projected to explode to ‘about twice the current level (a scale comparable to the electricity consumed by the entire country of Japan in one year)’ over the next few years.
No matter how excellent an AI you create, if there is not enough ‘electricity’ to run it, the AI will just be an iron box.
Behind the US passing the ‘AI Energy Infrastructure Strengthening Act’ is an intense, national-level sense of crisis that ‘at this rate, the country’s power generation capacity and transmission infrastructure will not be able to keep up with the speed of AI evolution at all.’
2. Academic papers reveal the reality of ‘AI’s gluttony’
“But wait, isn’t AI the latest technology, so shouldn’t it be energy-efficient?” You might think so, but the academic reality is quite the opposite.
There is a famous paper titled “The growing energy footprint of artificial intelligence” (de Vries, 2023) by Dutch researcher Alex de Vries, published in the top sustainability energy journal ‘Joule’.
This study scientifically estimates how much electricity generative AI consumes.
According to the paper, the task of using AI to search for something or generate text consumes “dozens of times more electricity” compared to conventional searches like Google. AI models are “gluttons” that continue to consume vast amounts of energy not only during training but also when we use them in our daily lives.
Furthermore, computers that consume such massive amounts of electricity generate tremendous “heat.” Incredible amounts of electricity and water are also used for the massive “cooling facilities” required to dissipate that heat.
It has been academically proven that the evolution of AI is not just an event in cyberspace, but an extremely gritty “physical energy-consuming activity.”
3. The rational reason why pros buy “dull infrastructure stocks”
Faced with this overwhelming reality, how are professional institutional investors moving?
During the “Gold Rush” in 19th-century America, the ones who most reliably built massive fortunes were not the people who dreamed of striking it rich by digging for gold, but the people who “sold pickaxes and shovels for digging gold, and provided water and jeans to the workers.”
In the modern AI gold rush, Nvidia’s semiconductors are truly the “ultimate pickaxe.” And now, what professional investors are looking at next are the “water and food (= power and infrastructure)” that are absolutely essential to operate those pickaxes.
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Electric power companies: Companies that supply the massive amount of electricity needed to run AI.
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Power grid and transformer manufacturers: Companies that build the thick power lines and equipment needed to safely transport large amounts of electricity from power plants to data centers.
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Air conditioning and cooling system companies: Companies that possess the technology to cool down heat-generating data centers.
These infrastructure and utility stocks are often called “dull and boring stocks” because their prices usually don’t move much.
However, in the certain mega-trend of AI evolution, they are “absolutely essential behind-the-scenes players” for whom long-term stable demand and profit growth are practically guaranteed.
That is precisely why professionals are shifting funds from volatile technology stocks to “dull infrastructure stocks” that are resistant to inflation and offer stable dividends, thereby strengthening the foundation of their portfolios.
4. Summary: Moving toward “visible assets” that support invisible technology
To summarize this analysis.
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Background of the bill: As indicated by official IEA reports, the explosive adoption of AI is causing data center power consumption to surge on a national scale.
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The truth about AI: As proven by academic papers (de Vries, 2023), generative AI is an extremely physical energy industry that consumes dozens of times more power than traditional search.
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Professional investment strategy: Institutional investors are shifting capital from the cutting edge of technology to the plain but reliable infrastructure stocks that physically support it, such as ‘power, power grids, and cooling equipment’.
There is no need to panic and force yourself to jump into famous, high-priced tech stocks just because you ‘don’t want to miss out on the evolution of AI!’
The electricity we use every day, the utility poles in our towns, and air conditioning technology. These ‘visible, plain infrastructure’ elements are the strongest foundation supporting cutting-edge AI.
When considering your new NISA portfolio, try adding a little bit of these ‘infrastructure funds’ or ‘utility stocks’ as a satellite. If you think, ‘The more convenient the world becomes with AI, the more my plain infrastructure stocks will earn,’ it makes watching the daily news a little more enjoyable, doesn’t it?
I hope this article serves as a calm and warm ’emotional amulet’ for when you feel a bit unsettled by trendy theme stocks!
References
– International Energy Agency (IEA). ‘Electricity 2024 – Analysis and forecast to 2026’.
– de Vries, A. (2023). “The growing energy footprint of artificial intelligence”. Joule, 7(10), 2191-2194.
*Note: The content of this article is only a portion of the subject matter and does not definitively conclude all aspects of the content.