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Powering up: Nuclear power could be a game changer for data centers in the AI era
- December 1, 2024: Vol. 11, Number 11

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Powering up: Nuclear power could be a game changer for data centers in the AI era

by Frank Holmes

If you’ve been paying attention to the markets, especially in recent months, you have likely noticed something interesting happening with nuclear energy stocks. Shares of companies involved in uranium and nuclear, such as NuScale Power, Oklo, Cameco and Centrus Energy, have been surging, driven in large part by groundbreaking nuclear energy deals with major tech firms.

This trend isn’t just another market blip — it’s part of a larger movement that has far-reaching implications for investors, especially as we enter the age of artificial intelligence (AI). Nuclear energy truly appears to be staging a major comeback.

THE NEED FOR POWER

You don’t have to be a tech expert to know that AI is changing everything. From self-driving cars to advanced data analytics, artificial intelligence is quickly becoming a key part of our modern economy, valued at $184 billion today. But what many people don’t realize is just how much electricity is requi

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