By Larry L.
Publication Date: 2026-01-19 09:30:00
When investors think of artificial intelligence, NVIDIA (NASDAQ: NVDA) tops the list.
But here’s a surprise: NVIDIA CEO Jensen Huang believes that the global AI ecosystem is vertically stacked, in his own words — “a five-layer cake” — made up of energy, chips, cloud, AI models, and application.
Interested to learn more?
Here are five AI-related growth stocks that investors can gain exposure to each layer of the global AI ecosystem.
Constellation is the largest producer of reliable, clean energy in the US, primarily through its nuclear fleet, accounting for roughly two-thirds of its total energy output.
In 2025’s third quarter (3Q2025), operating revenues increased slightly by 0.31% year on year (YoY) to US$6.6 billion, while total adjusted non-GAAP operating earnings climbed 10.7% YoY due to a lower number of nuclear outage days.
For 9M2025, operating cash flow turned positive from an outflow of US$1.44 billion a year ago to US$3.4 billion due to favourable movements in non-cash items and working capital adjustments.
Constellation’s best-in-class nuclear fleet operates at an impressive 96.8% of its maximum power – best suited to serve the power-hungry AI data centres.
Crucially, the public and the US government are in favour of building new nuclear facilities, supporting Constellation’s expansion of its nuclear fleet.
The company has long-term target growth of 13% per year in operating earnings through 2030.
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