CryptoCurrency
Nuclear power stocks are soaring amid an AI energy push. Here are 7 names to watch.
-
Tech giants like Amazon and Microsoft are striking nuclear power deals for their AI data centers.
-
The nuclear power resurgence is driven by clean energy demand and AI’s soaring power needs.
-
These nuclear-focused stocks have soared this year amid an ongoing nuclear renaissance.
The nuclear power industry is undergoing a renaissance as demand for clean power soars across the country, partly driven by the soaring energy needs associated with artificial intelligence data centers.
Mega-cap technology companies, including Amazon, Microsoft, and Alphabet, have inked nuclear power deals to feed their growing energy needs as AI becomes a bigger part of their businesses.
One utility company is even restarting the Three Mile Island nuclear power plant after inking a 20-year deal to sell the power to Microsoft.
Three Mile Island, located on the Susquehanna River in Pennsylvania, was the site of the country’s worst nuclear accident in 1979.
Meanwhile, Amazon has led a $500 million financing round for a company developing modular nuclear reactors and purchased a nuclear-powered data center in March for $650 million.
“One of the fastest ways to address climate change is by transitioning our society to carbon-free energy sources, and nuclear energy is both carbon-free and able to scale—which is why it’s an important area of investment for Amazon,” Amazon Web Services CEO, Matt Garman, said in a press release.
Analysts on Wall Street are encouraged, too.
“The nuclear energy projects involve the construction of several Small Modular Reactors (SMRs), a compact, advanced type of reactor that can be built closer to grids and completed faster than traditional reactors. SMRs also offer the potential to reduce carbon emissions, paving the way for cleaner, more sustainable energy,” CFRA analyst Arun Sundaram said in a note last week.
He added: “With the full power of AI dependent on both data centers and energy infrastructure, these investments further help AMZN secure its positioning as a leading cloud/AI provider.”
The resurgence in nuclear power has led to big moves on Wall Street, with some stocks more than doubling in just a few days this month.
From utility companies to uranium miners to small-scale nuclear developers, these stocks are soaring amid the revival of America’s nuclear power industry.
7. Cameco
Ticker: CCJ
Market value: $23.6 billion
YTD Performance: +25%
6. BWX Technologies
Ticker: BWXT
Market value: $11.3 billion
YTD Performance: +62%
5. Oklo
Ticker: OKLO
Market value: $2.4 billion
YTD Performance: +88%
As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.
It’s Bitcoin White Paper Day, but it’s also Halloween. Here are Cointelegraph’s six crypto mysteries to share around the campfire.
Bitget Wallet’s Telegram Mini App, Bitget Wallet Lite mini, has attracted more than six million users in just three days after its soft launch.
In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.
-
Science & Environment1 month agoHow to unsnarl a tangle of threads, according to physics
-
Technology1 month agoIs sharing your smartphone PIN part of a healthy relationship?
-
Science & Environment1 month ago‘Running of the bulls’ festival crowds move like charged particles
-
Science & Environment1 month agoHyperelastic gel is one of the stretchiest materials known to science
-
Technology1 month agoWould-be reality TV contestants ‘not looking real’
-
Science & Environment1 month agoX-rays reveal half-billion-year-old insect ancestor
-
Science & Environment1 month agoMaxwell’s demon charges quantum batteries inside of a quantum computer
-
Science & Environment1 month agoSunlight-trapping device can generate temperatures over 1000°C
-
Sport4 weeks agoBoxing: World champion Nick Ball set for Liverpool homecoming against Ronny Rios
-
Technology1 month agoUkraine is using AI to manage the removal of Russian landmines
-
Technology4 weeks agoGmail gets redesigned summary cards with more data & features
-
Science & Environment1 month agoLaser helps turn an electron into a coil of mass and charge
-
Science & Environment1 month agoPhysicists have worked out how to melt any material
-
Science & Environment1 month agoLiquid crystals could improve quantum communication devices
-
Technology1 month agoRussia is building ground-based kamikaze robots out of old hoverboards
-
Football1 month agoRangers & Celtic ready for first SWPL derby showdown
-
Technology4 weeks agoSamsung Passkeys will work with Samsung’s smart home devices
-
Sport4 weeks agoAaron Ramsdale: Southampton goalkeeper left Arsenal for more game time
-
Science & Environment1 month agoQuantum ‘supersolid’ matter stirred using magnets
-
MMA1 month agoDana White’s Contender Series 74 recap, analysis, winner grades
-
News4 weeks agoWoman who died of cancer ‘was misdiagnosed on phone call with GP’
-
Technology1 month agoEpic Games CEO Tim Sweeney renews blast at ‘gatekeeper’ platform owners
-
TV4 weeks agoসারাদেশে দিনব্যাপী বৃষ্টির পূর্বাভাস; সমুদ্রবন্দরে ৩ নম্বর সংকেত | Weather Today | Jamuna TV
-
MMA4 weeks ago‘Uncrowned queen’ Kayla Harrison tastes blood, wants UFC title run
-
Science & Environment1 month agoA new kind of experiment at the Large Hadron Collider could unravel quantum reality
-
News4 weeks ago‘Blacks for Trump’ and Pennsylvania progressives play for undecided voters
-
Money4 weeks agoWetherspoons issues update on closures – see the full list of five still at risk and 26 gone for good
-
Technology4 weeks agoMicrosoft just dropped Drasi, and it could change how we handle big data
-
Technology1 month agoWhy Machines Learn: A clever primer makes sense of what makes AI possible
-
Science & Environment1 month agoWhy this is a golden age for life to thrive across the universe
-
News4 weeks agoNavigating the News Void: Opportunities for Revitalization
-
News4 weeks agoMassive blasts in Beirut after renewed Israeli air strikes
-
News1 month agoRwanda restricts funeral sizes following outbreak
-
MMA4 weeks agoPereira vs. Rountree prediction: Champ chases legend status
-
MMA4 weeks ago‘Dirt decision’: Conor McGregor, pros react to Jose Aldo’s razor-thin loss at UFC 307
-
Football4 weeks agoWhy does Prince William support Aston Villa?
-
Technology4 weeks agoCheck, Remote, and Gusto discuss the future of work at Disrupt 2024
-
Business4 weeks agoWhen to tip and when not to tip
-
News4 weeks ago▶ Hamas Spent $1B on Tunnels Instead of Investing in a Future for Gaza’s People
-
Technology1 month agoMicrophone made of atom-thick graphene could be used in smartphones
-
Technology4 weeks agoMusk faces SEC questions over X takeover
-
News4 weeks agoCornell is about to deport a student over Palestine activism
-
Sport1 month agoChina Open: Carlos Alcaraz recovers to beat Jannik Sinner in dramatic final
-
Science & Environment1 month agoITER: Is the world’s biggest fusion experiment dead after new delay to 2035?
-
Science & Environment1 month agoQuantum forces used to automatically assemble tiny device
-
Science & Environment1 month agoA slight curve helps rocks make the biggest splash
-
Business1 month ago
how UniCredit built its Commerzbank stake
-
Business4 weeks agoWater companies ‘failing to address customers’ concerns’
-
MMA4 weeks agoKayla Harrison gets involved in nasty war of words with Julianna Pena and Ketlen Vieira
-
Sport4 weeks ago2024 ICC Women’s T20 World Cup: Pakistan beat Sri Lanka
-
Sport4 weeks agoWales fall to second loss of WXV against Italy
-
Science & Environment1 month agoNuclear fusion experiment overcomes two key operating hurdles
-
News2 months ago▶️ Hamas in the West Bank: Rising Support and Deadly Attacks You Might Not Know About
-
Womens Workouts1 month ago3 Day Full Body Women’s Dumbbell Only Workout
-
Technology1 month agoMeta has a major opportunity to win the AI hardware race
-
Business4 weeks ago
DoJ accuses Donald Trump of ‘private criminal effort’ to overturn 2020 election
-
MMA4 weeks ago‘I was fighting on automatic pilot’ at UFC 306
-
Business1 month ago
Bank of England warns of ‘future stress’ from hedge fund bets against US Treasuries
-
News4 weeks agoHull KR 10-8 Warrington Wolves – Robins reach first Super League Grand Final
-
Sport4 weeks agoWXV1: Canada 21-8 Ireland – Hosts make it two wins from two
-
Sport4 weeks agoCoco Gauff stages superb comeback to reach China Open final
-
News4 weeks agoGerman Car Company Declares Bankruptcy – 200 Employees Lose Their Jobs
-
Technology4 weeks agoLG C4 OLED smart TVs hit record-low prices ahead of Prime Day
-
MMA4 weeks agoKetlen Vieira vs. Kayla Harrison pick, start time, odds: UFC 307
-
Sport4 weeks agoMan City ask for Premier League season to be DELAYED as Pep Guardiola escalates fixture pile-up row
-
Football4 weeks ago'Rangers outclassed and outplayed as Hearts stop rot'
-
Sport4 weeks agoPremiership Women’s Rugby: Exeter Chiefs boss unhappy with WXV clash
-
Technology4 weeks agoIf you’ve ever considered smart glasses, this Amazon deal is for you
-
Entertainment4 weeks agoBruce Springsteen endorses Harris, calls Trump “most dangerous candidate for president in my lifetime”
-
Science & Environment1 month agoTime travel sci-fi novel is a rip-roaringly good thought experiment
-
Science & Environment1 month agoNerve fibres in the brain could generate quantum entanglement
-
Technology1 month agoUniversity examiners fail to spot ChatGPT answers in real-world test
-
Business1 month agoStocks Tumble in Japan After Party’s Election of New Prime Minister
-
Business4 weeks ago
Sterling slides after Bailey says BoE could be ‘a bit more aggressive’ on rates
-
TV4 weeks agoTV Patrol Express September 26, 2024
-
Technology4 weeks agoTexas is suing TikTok for allegedly violating its new child privacy law
-
Sport1 month agoSturm Graz: How Austrians ended Red Bull’s title dominance
-
Business4 weeks ago
The search for Japan’s ‘lost’ art
-
Money4 weeks agoPub selling Britain’s ‘CHEAPEST’ pints for just £2.60 – but you’ll have to follow super-strict rules to get in
-
Business1 month ago
Top shale boss says US ‘unusually vulnerable’ to Middle East oil shock
-
Technology4 weeks agoJ.B. Hunt and UP.Labs launch venture lab to build logistics startups
-
Technology4 weeks agoSingleStore’s BryteFlow acquisition targets data integration
-
Technology4 weeks agoOpenAI secured more billions, but there’s still capital left for other startups
-
News4 weeks agoFamily plans to honor hurricane victim using logs from fallen tree that killed him
-
Technology4 weeks agoThe best shows on Max (formerly HBO Max) right now
-
Sport4 weeks agoNew Zealand v England in WXV: Black Ferns not ‘invincible’ before game
-
Money3 weeks agoTiny clue on edge of £1 coin that makes it worth 2500 times its face value – do you have one lurking in your change?
-
Entertainment4 weeks agoNew documentary explores actor Christopher Reeve’s life and legacy
-
News1 month ago▶️ Media Bias: How They Spin Attack on Hezbollah and Ignore the Reality
-
Science & Environment1 month agoHow to wrap your mind around the real multiverse
-
Sport1 month agoWorld’s sexiest referee Claudia Romani shows off incredible figure in animal print bikini on South Beach
-
News4 weeks agoHarry vs Sun publisher: ‘Two obdurate but well-resourced armies’
-
Technology4 weeks agoThe best budget robot vacuums for 2024
-
Business1 month agoChancellor Rachel Reeves says she needs to raise £20bn. How might she do it?
-
MMA1 month agoJulianna Peña trashes Raquel Pennington’s behavior as champ
-
Technology1 month agoThis AI video generator can melt, crush, blow up, or turn anything into cake
-
Technology4 weeks agoAmazon’s Ring just doubled the price of its alarm monitoring service for grandfathered customers
-
Technology4 weeks agoBest iPad deals for October 2024
-
Politics4 weeks ago
Rosie Duffield’s savage departure raises difficult questions for Keir Starmer. He’d be foolish to ignore them | Gaby Hinsliff
-
Technology4 weeks agoQuoroom acquires Investory to scale up its capital-raising platform for startups
You must be logged in to post a comment Login