Energy Split Shock Other Surges As Oil And Gas Crater

Energy investors just rotated hard out of oil and gas into batteries, grids, and nuclear last quarter. Other Energy deals surged eighty-five percent while Oil & Gas dropped thirty-nine percent, and it's not seasonal noise, it's AI data centers signing twenty-year power contracts and needing electrons that show up every single hour. The smart money isn't leaving energy, it's just done betting on molecules when hyperscalers need firm power for compute and the feds are de-risking grid-scale battery projects with hundred-million-dollar loan guarantees.