POW is trading at $20.96, up +3.25% in pre-market as AI-related stocks rebounded after chip stocks stabilized following Thursday’s technology-led selloff.
- AI-exposed utilities and equipment suppliers, including GE Vernova, recovered from deep losses, potentially supporting POW’s industrials and utilities exposure.
- The rebound remains tentative: tougher AI and data-center scrutiny could delay infrastructure expansion, while stronger-than-expected October payrolls tempered futures gains by reinforcing rate concerns.