Artificial intelligence is not just pushing tech stocks higher.
It is also rewriting the power market.
Reuters has reported that major U.S. utilities are now projecting electricity demand growth far above what they were expecting only months ago, with data centers cited as the main source of customer growth by nine of the top 10 U.S. electric utilities. That matters because AI is no longer just a software story. It is a power story. And when hyperscalers need reliable, around-the-clock electricity, nuclear suddenly starts looking a lot more important.
That is why this trade is getting more interesting now.
Meta said in January that it had signed nuclear energy agreements unlocking up to 6.6 gigawatts of nuclear capacity to support U.S. AI leadership and future data-center demand. One part of that effort involves Oklo, where Meta’s partnership is meant to help advance a 1.2 GW advanced nuclear campus in Pike County, Ohio, with a structure that can provide funding certainty through power prepayments. Meta also said that nuclear provides the kind of clean, reliable power it sees as essential for advancing its AI ambitions.
That is the real shift.
This is not just about uranium prices anymore. It is about hyperscalers, utilities, and next-generation power demand all converging on the same conclusion: if AI keeps scaling, the grid is going to need much more dependable baseload power. That is where nuclear comes back into the story in a serious way.
The Broadest Uranium-and-Nuclear Basket
ETF: Global X Uranium ETF (SYM: URA)
Broad uranium and nuclear-industry ETF with exposure across miners, fuel-cycle companies, and related nuclear businesses.
URA is the cleanest first stop for investors who want broad exposure.
Global X says the fund is designed to give investors access to companies involved in uranium mining and the production of nuclear components, including extraction, refining, exploration, and equipment manufacturing for the uranium and nuclear industries. The fund charges a 0.69% expense ratio and recently held about 50 positions, including names such as Cameco, NexGen Energy, Uranium Energy, Paladin Energy, Denison Mines, and NuScale Power.
That matters because if nuclear demand keeps expanding, investors do not necessarily need to guess one winner.
They can own the broader ecosystem instead.
URA is the more diversified route for people who believe the uranium and nuclear value chain will benefit from the next wave of AI-driven electricity demand, but who do not want to make the whole trade depend on one company or one reactor story.
The More Concentrated Nuclear Trade
ETF: VanEck Uranium and Nuclear ETF (SYM: URNM)
Focused uranium-and-nuclear ETF with exposure to miners, reactor-linked businesses, utilities, and nuclear infrastructure names.
URNM is the more concentrated version of the same idea.
VanEck says the ETF seeks to track companies involved in uranium mining, nuclear facility construction and maintenance, nuclear electricity generation, and firms providing technology, equipment, or services to the nuclear industry. The fund’s expense ratio is 0.61%, and recent holdings include Cameco, Constellation Energy, Oklo, Denison Mines, Uranium Energy, and PG&E.
That gives URNM a different feel than URA.
URA is the broader uranium-and-nuclear basket.
URNM is the fund for investors who want a heavier expression of the nuclear theme itself, including some of the companies more directly tied to reactor economics, nuclear generation, and advanced-nuclear enthusiasm. If Meta, utilities, and the broader AI infrastructure buildout keep validating nuclear as a core part of the future grid, URNM is one of the more direct ways to express that view.
The Stock Angle Behind the Theme
For investors who want to go beyond ETFs, the individual-stock angle is getting clearer too.
Meta’s January announcement directly tied it to Oklo and to the broader push for new nuclear power capacity. It also followed Meta’s earlier 20-year nuclear agreement with Constellation Energy around the Clinton Clean Energy Center announced in June 2025, showing that this is not a one-off headline. Meta is building a longer-term nuclear strategy around its data-center footprint.
That matters because the investment case is evolving.
The market used to treat nuclear as a slow, policy-heavy sector that moved on politics more than economics. AI is changing that. Now the question is less “will nuclear get support?” and more “how much reliable power will hyperscalers need, and how fast?” If the answer keeps rising, this trade can keep working.
Bottom line:
URA is the broader uranium-and-nuclear ETF.
URNM is the more concentrated nuclear-power trade.
And names like Oklo are becoming more relevant because the hyperscalers are now stepping into the story themselves.
That is the real takeaway.
Nuclear is no longer just a policy bet.
It is becoming an AI infrastructure bet.
Read Next: A ‘Gas Panic’ Is Coming
For months, I've been studying a strange set of official documents.
And what I've uncovered is so disturbing that every American needs to know what's inside.
It points to a major crisis headed for our country, which could see mass shortages of fuel and energy... as gas prices spike to $10 and beyond.
Think back to the pandemic in 2020... or the banking collapse 2008...
Because what's headed for our country next could be every bit as devastating.
Like 9/11 or the Covid pandemic, it'll catch millions of Americans by surprise.
But virtually overnight, we could soon see the gas price surge to $10 and beyond... shortages of food and fuel... and a massive National Guard deployment.
Not because of anything happening in the Middle East...
It doesn't involve a banking collapse or a virus.
But it could change your life just as radically.
You still have time to prepare. In fact, there are several steps I recommend you take today to prepare your money and put yourself ahead of millions of other Americans. But you don't have long.
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Written by Ian Cooper