The artificial intelligence boom is fueling massive upside in energy stocks. See why….
We’ve already seen solar stocks, like First Solar run higher after US analysts reiterated a buy rating on it, with a price target of $270, noting FSLR is “an overlooked, direct beneficiary.”
We’re seeing real estate investment trusts, like Digital Realty push higher thanks to rocketing demand for data centers. According to Goldman Sachs, data center demand is expected to rise at a 15% CAGR between now and 2030. Jones Lang LaSalle CEO Christian Ulbrich says there’s soaring demand for data centers with AI.
Now, even nuclear power could play a major role in powering AI.
In fact, as noted by CNBC, “The U.S. nuclear fleet is attracting growing attention as a power source for artificial intelligence and data centers, and Citigroup analysts say regulated utilities such as Duke Energy and Southern Company are the best way to play the trend.”
“Data centers are expected to drive 31 gigawatts of incremental power demand through 2030, according to Citi. That will in turn drive efforts to increase utilization of the existing U.S. nuclear fleet of 95 nuclear reactors, which represents 102 gigawatts of reliable, carbon-free generation capacity,” they added.
While Duke Energy and Southern Company are good bets, there are also ETFs that will give you broader exposure at a low cost. That includes:
Global X Uranium ETF (SYM: URA)
With an expense ratio of 0.69%, the URA ETF provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. Some of its top holdings include Cameco Corp., NexGen Energy, Paladin Energy, Uranium Energy Corp., and Energy Fuels Inc. to name a few.
A related read you might want to take a look at is saying there’s potential for a 4,735% Revenue Surge: The Linchpin of Nvidia’s AI Dominance?
Here’s why:
As Nvidia’s new Blackwell chip sparks an AI revolution, one company is poised to skyrocket.
This unsung hero’s revenue could soar up to 4,735% in the next 12 months as tech titans line up to secure their groundbreaking technology.
Early investors could see life-changing gains as this story unfolds.
Don’t miss your chance to ride the AI mega-trend.
