I’m watching $NEE+1.8%  and other energy names closely. The energy sector has strong structural demand, especially as electrification accelerates and data centers’ power needs grow. Renewable capacity will help, but it won’t fully cover future demand meaning grid operators and large-scale generators remain essential.

$NEE makes sense to me in this context, and I generally consider the energy sector somewhat undervalued. If the scenario of massive AI and data center growth really plays out, electricity demand will rise structurally, not cyclically. And as you rightly said, rooftop solar won't solve it and building nuclear plants is unrealistic for most companies.

NextEra has the advantage of combining a regulated utility with large-scale renewables, which means relatively stable cash flows while also providing exposure to the long-term trend of rising consumption. The risks remain interest rates and the capital intensity of the sector, but if rates gradually ease, sentiment could turn significantly. In my view, energy won't be a "hype" like AI, but it can benefit quietly and over the long term.

Some of the MAG7 are already starting to respond to this — building their own energy sources or designing chips to cool more easily (chiplets), using backside power delivery, or even embedding cooling directly into the chip. In any case, larger capacities will need to be built and that won't happen without government involvement, so Europe above all should realize that this green madness is unsustainable and we can't afford to fall behind technologically because of it.

However, I don't plan to invest in energy companies — it's a commodity business, and once supply meets demand these companies will revert to their usual valuations, because they don't have a big moat and it largely doesn't matter where the energy comes from.