---
title: "AA Alcoa"
canonical: "https://supercyclehq.com/stock/alcoa"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "AA"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Alcoa (AA)

Alcoa is a vertically integrated aluminum company.

## AI Exposure Score

**10/100, Peripheral.** Alcoa smelts the aluminum used in transmission lines and data center construction, both stretched by AI power demand. That demand is a small slice of a cyclical commodity business, so the thesis depends on global aluminum prices and smelting economics.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $39.90 |
| Change 1d | +1.81% |
| Change 7d | +3.37% |
| Change 30d | -4.64% |
| Change 1y | +8.39% |
| 52-week high | $83.41 |
| 52-week low | $34.99 |
| Market cap | $10.5B |
| P/E | 6.94 |
| EPS | $5.75 |
| Next earnings | 2027-01-21 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Basic Materials |
| Headquarters | Pittsburgh, PA |
| CEO | William F. Oplinger |
| Employees | 14,900 |
| Website | https://www.alcoa.com |
| Buildout layers | [Raw Materials & Mining](https://supercyclehq.com/category/raw-materials) |

## What the company does

Alcoa is a vertically integrated aluminum company. It mines bauxite, refines it into alumina, and smelts alumina into aluminum metal, selling to customers in transportation, construction, packaging, and electrical markets worldwide. Most revenue comes from selling alumina and primary aluminum at prices linked to global commodity benchmarks.

The company reports through two segments, Alumina and Aluminum, spanning mines, refineries, smelters, and casthouses across several continents. Its Sustana product line offers lower-carbon aluminum for customers with emissions targets. Aluminum's combination of conductivity, light weight, and low cost makes it the default metal for power transmission.

Alcoa traces its roots to 1888, when its founders commercialized the modern aluminum smelting process. Headquartered in Pittsburgh with roughly 14,900 employees, it remains the largest US-listed aluminum producer and a bellwether for the industry.

## Role in the AI buildout

Alcoa sits in the Raw Materials layer of the AI buildout. Aluminum is the primary conductor in high-voltage transmission lines, and grid expansion is one of the binding constraints on new data center capacity. Aluminum also goes into data center structures, cladding, and cooling hardware. Alcoa sells into the commodity market rather than to AI buyers directly, so its exposure runs through electrification demand broadly. The AI angle is real but thin relative to its cyclical end markets.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Stanley Druckenmiller](https://supercyclehq.com/investors/stanley-druckenmiller) | Duquesne Family Office | $9.7M | 0.22% | trimmed | 2026-06-30 |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $3.5M | 0.01% | increased | 2026-06-30 |

## FAQ

### What does Alcoa do?

Alcoa mines bauxite, refines it into alumina, and smelts aluminum metal through its two segments, Alumina and Aluminum. It sells to transportation, construction, packaging, and electrical customers worldwide and is the largest aluminum producer listed in the US.

### How is Alcoa exposed to AI?

Through the grid and construction demand the buildout creates. Transmission lines use aluminum conductors, and data center shells use aluminum structurally. That demand is a small part of a cyclical commodity business, so Supercycle rates Alcoa Peripheral with an AI Exposure Score of 10 out of 100.

### Is AA a pure play AI stock?

No. Alcoa is a commodity aluminum producer whose earnings track global aluminum and alumina prices, energy costs, and smelting economics. AI-driven electrification supports long-term demand but does not change the cyclical nature of the business.

### Who leads Alcoa?

William Oplinger is Alcoa's president and CEO. The company was founded in 1888, is headquartered in Pittsburgh, Pennsylvania, and employs roughly 14,900 people across its global mining, refining, and smelting operations.

---

Source: https://supercyclehq.com/stock/alcoa. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.