5 Best AI Stocks to Watch in July

3. Constellation Energy Corporation (NASDAQ:CEG)

Potential Upside: 53.9%

Constellation Energy Corporation (NASDAQ:CEG) is one of the best AI stocks to watch in July. On July 3, Wells Fargo analyst Shahriar Pourreza reiterated a Buy rating on the stock and assigned a target price of $516. The firm’s price target suggests an impressive 110% upside from the current levels. This upside is higher than the median Wall Street analysts’ upside of 53.9% based on 25 analysts’ estimates.

In our previous coverage of the stock, we mentioned the company’s long-term nuclear power purchase agreement with Walmart. Under the agreement, CEG will provide emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois, representing around 176 MW of wholesale power supply. In this way, CEG is not only helping build local power infrastructure but also helping Walmart fulfill its clean energy objectives. The stock has hit fresh 52-week lows in July, and with power currently the biggest long-term bottleneck in AI infrastructure, CEG becomes one of our top AI stocks to watch in July.

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers.