The AI Boom Needs Energy. But Who’s Actually Supplying It?

Dear Investor,

Artificial intelligence is on everyone’s lips, and everyone wants a piece of the boom. Back during the California Gold Rush in the 1850s, it wasn’t the miners who got rich. It was the suppliers: the people selling pans, shovels and clothing to the prospectors.

You’ve probably already asked yourself how best to play this boom.

Yes, you can make good money with the well-known AI companies right now. There’s talk here and there about the enormous energy demands these companies create, but the businesses profiting from that demand rarely get the same attention.

That’s exactly what we want to look at today: a selection of those companies and the seasonal patterns they show throughout the year.

Alongside the power demand driven by AI, these stocks are also shaped by conventional energy demand and that makes them worth watching in their own right.

Duke Energy: a reliable performer since the turn of the millennium

Winter is a power season for heating, you could say. But in the US, summer is equally a power season, with air conditioning running at full capacity. For Duke Energy, every season has become a power season. The established utility has supplied electricity to the US East Coast for many years and that’s now where the major AI companies have built their data centers.

It’s no surprise, then, that Duke shows several significant upward phases throughout the year.
The first starts as early as March. There’s a visible, measurable rise from then through to the end of April: 33 positive years versus 13 negative years, with an average gain of around 6 %. The average loss in the 13 negative years is a modest 3 %.

A very similar picture appears from late September through late October. The same ratio holds, with only marginally lower returns.

The strongest window, however, falls in summer. From late July to late August, Duke delivers an average of around 5 % with 35 positive years against just 11 negative ones.

That puts Duke in a rare category: a stock that combines a long-term uptrend with several highly attractive short-term seasonal windows throughout the year.

Southern Company: powering the demand of the South

It’s not just the East Coast seeing a surge in data center development. The American South is increasingly in focus too. Southern Company serves that region and also has an impressively long uptrend behind it, interrupted only briefly by sharp pullbacks in the well-known crisis years.

Within that uptrend, several well-usable seasonal phases stand out.

The first runs from mid-March into the second half of April. Over 33 years, you could have earned a notable 6.5 % here. The 10 negative years averaged just minus 3 %, so the downside has historically been contained.

Also striking is a very short window in October, which scores 35 positive years to just 7 negative ones. The average gain of 2.3 % in positive years may not look spectacular at first glance, but consider the timeframe: barely 2 weeks. Annualized, that’s a very different number.

From early July to early August, another interesting phase is approaching. With 30 positive phases versus 14 negative ones and returns of around 4.5 %, the expected value is clearly positive.

Siemens Energy: the European shovel seller

Siemens Energy was spun off from Siemens AG just a few years ago. The history isn’t long yet, but the stock is worth a closer look. Siemens Energy supplies equipment to energy providers, which makes it a genuine parallel to the shovel sellers of the Gold Rush: outfitting the people doing the digging.

It’s too early to call a long-term uptrend, though the development since late 2023 has been strongly positive.

The stock stands out especially in the window from late October to early December, with a ratio of 5 positive years to 1 negative. That short history means conclusions need to come with caveats, but the numbers are striking: an average gain of around 35 %. And it’s not one outlier year pulling that average up. All 5 positive years delivered solid returns.

That kind of performance can’t go on forever, of course. But it signals that Siemens Energy is a name worth keeping on your radar.

Conclusion: play the AI boom through utilities and suppliers alike

Our analysis shows that beyond the AI sector itself, there are opportunities in stocks that don’t always make the headlines. Alongside the utilities, Siemens Energy fits the shovel-seller analogy well: the people outfitting the gold rush often did better than the miners themselves.

And here’s the thing: even if the AI boom slows, the energy providers will still be needed. Data centers don’t stop needing power just because the build-out pauses. Existing facilities still need to run.

Profit from hot summers and cold winters, as well as the seemingly insatiable energy appetite of the data centers.

Seasonax wishes you every success and a wonderful summer with strong returns.

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Originally Posted June 24, 2026 – The AI Boom Needs Energy. But Who’s Actually Supplying It?