NGG

NGG has decoupled from the broader 'Tech Sell-Off' by pivoting its narrative from a defensive utility to a critical 'AI Infrastructure' play, driven by reports that data centers could consume up to 9% of grid capacity by 2035. The 'Perfect Stack' technicals confirm institutional accumulation, as investors rotate out of overvalued software and into the physical power grid required to run it. Despite the 'Caution' regime dragging the price down -1.74% today, the +12.1% relative strength against SPY signals this is a high-conviction leader absorbing capital from weaker sectors.