$Oklo(OKLO.US) fell six percentage points, $GE Vernova(GEV.US) and $Bloom Energy(BE.US) both fell four to five percentage points. This batch of power-related stocks that had previously surged are now pulling back today—expectations for orders of SMRs, gas turbines, and fuel cells had been front-loaded in a previous round. $Constellation Energy(CEG.US), on the other hand, held up with a slight gain, supported by the stable electricity prices from long-term data center PPAs; $Vistra(VST.US) was basically flat. The power demand from AI data centers is real, but those with stable operations are holding up, while those priced on expectations are getting hit first. This pattern will repeat in a high-interest-rate environment.