Uranium stocks have been explosive. 

For example, look at the Global X Uranium ETF (URA). 

Since early May, the ETF has run from a low of about $20 to a current price of just over $37.   And it could easily see further upside thanks to two strong catalysts. 

First, President Donald Trump wants to quadruple nuclear power by 2050, according to BMO Capital Markets. 

Plus, according to an order from U.S. Secretary of Energy Chris Wright, “The long-awaited American nuclear renaissance must launch during President Trump’s administration. As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy. As such, the Department will work diligently and creatively to enable the rapid deployment and export of next-generation nuclear technology.”

Second, we also have to remember that nuclear energy could be used to fuel the energy-intensive demands of data centers and artificial intelligence. 

In fact, Meta Platforms and Constellation Energy announced a 20-year nuclear power supply deal that will power Meta’s AI infrastructure. “Meta will tap into Constellation’s Clinton Clean Energy Center and its 1,121 megawatts of emissions-free nuclear energy to power its operations–and uranium is required to fuel the reactors,” added Morningstar.com.

Sincerely,

Ian Cooper