"The AI revolution has sparked a massive melt-up across the nuclear energy plays in recent years. From the shares of the small modular reactor (SML) innovators to uranium producers, the AI wave can now be felt across the nuclear energy scene, with some relatively unknown names rising up after flying mostly under the radar just a year ago. Take shares of Energy Fuels ( NYSE:UUUU), which have been making headlines this year, thanks in part to its latest 318% gain in three months."
"Either way, many of the new data centers being constructed will be powered by nuclear energy, and with that, will increase demand for fuel. It's difficult to predict how much higher uranium prices can rise from here as hyperscalers look to back up the truck on the next generation of GPUs and custom AI chips. In any case, I don't think it's all too far-fetched to envision all-time highs over the foreseeable future, especially if investors and analysts continue to underestimate the power consumption"
AI adoption has triggered a surge in nuclear-energy-related stocks, lifting small modular reactor developers and uranium producers. Energy Fuels jumped from a smaller cap to roughly $4 billion after a 318% three-month gain. Rising uranium prices and a new partnership with Vulcan Elements on rare-earth magnets create favorable conditions for multi-year demand growth tied to AI data centers. Many new hyperscaler data centers will likely rely on nuclear power, increasing fuel demand and potentially pushing uranium prices toward all-time highs. Energy Fuels raised sales guidance, can keep production costs low, and is positioned to scale production as America's top uranium producer.
Read at 24/7 Wall St.
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