NiSource Signs Alphabet Power Deal, Expands Amazon Agreement

NiSource’s (NI) strategic power agreements with Alphabet and Amazon represent a fundamental structural shift, pivoting the utility from a regulated rate-base play to an essential infrastructure partner for the AI-driven data center boom. While this creates a multi-year growth catalyst, the immediate technical picture is strained; both AMZN (RSI: 87.32) and GOOGL (RSI: 80.89) are deeply overbought, suggesting the "AI-Energy" narrative is currently priced for perfection and prone to short-term mean reversion. The confluence of NI’s breakout and the tech giants' proximity to resistance levels indicates that while the long-term trend remains upward, an immediate entry is risky given the overextended RSI metrics. Traders should look for a pullback in NI toward the $45.00 support level to establish long positions, as the volume intensity surrounding these deals suggests strong institutional accumulation despite current tech sector frothiness. Ultimately, while the news acts as a valid trend continuation for the utility sector, investors must exercise caution, as GOOGL’s bearish MACD divergence signals a potential cooling-off period that could temporarily weigh on sentiment-driven trade flows.