AEP to Support Nvidia-Backed AI Data Center With $4.2B Grid Plan
An 8 gigawatt AI data center campus in Pike County, Ohio, is being backed by AEP as the utility building the grid to support it. AEP Ohio is partnering on $4.2 billion in regional grid infrastructure tied to the Nvidia-backed effort, alongside Texas grid expansion backed by about $2 billion in customer collateral. A valuation model estimates a $139 target price and ~10.3% total upside.