Uranium stocks, such as Cameco Corp.(CCJ), could benefit from two key catalysts. 

One, the Trump Administration just expanded its critical minerals list to include uranium in an effort to strengthen domestic supply and reduce reliance on foreign sources. 

Two, Trump just praised nuclear power during his speech at Davos. 

He said, “I’ve signed an order directing and approval of many new nuclear reactors. We’re going heavy into nuclear. I was not a big fan, because I didn’t like the risk, the danger, but they have … what the progress they’ve made with nuclear is unbelievable, and the safety progress they’ve made is incredible. We’re very much into the world of nuclear energy, and we can have it now at good prices and very, very safe,” as quoted by the World Economic Forum.

In addition, as the demand for artificial intelligence grows, tech giants are turning to nuclear power to fuel their energy-intensive data centers. Meta Platforms, for example, just said it will use nuclear power to run its AI data centers. In fact, it will work with Vistra, TerraPower, and Oklo, which are expected to help add 6.6 gigawatts of power by 2035. Meta also announced a 20-year agreement with Constellation Energy last year to buy nuclear power.

Sincerely,

Ian Cooper