Tech giants such as Amazon and Microsoft are entering into nuclear power agreements to meet the energy demands of their AI data centers. The revival of nuclear power is fueled by the increasing demand for clean energy, driven largely by the rising energy consumption associated with artificial intelligence. This year, nuclear-focused stocks have experienced significant growth amidst a broader nuclear renaissance. The nuclear energy sector is enjoying a revival as nationwide demand for clean power escalates, partly due to the heightened energy requirements of AI data centers. Major tech companies, including Amazon, Microsoft, and Alphabet, are securing nuclear power contracts to satisfy their expanding energy needs as AI becomes more integral to their operations. In a notable move, one utility company is restarting the Three Mile Island nuclear power plant following a 20-year agreement to supply electricity to Microsoft. Located on the Susquehanna River in Pennsylvania, Three Mile Island was the site of the worst nuclear incident in U. S. history in 1979. Additionally, Amazon has led a $500 million funding round for a company specializing in modular nuclear reactors and recently purchased a nuclear-powered data center for $650 million in March. "Transitioning our society to carbon-free energy sources is one of the quickest ways to tackle climate change, and nuclear energy is both carbon-free and scalable, making it a crucial investment area for Amazon, " stated Matt Garman, CEO of Amazon Web Services, in a press release. Wall Street analysts share this optimism. "The nuclear energy initiatives involve constructing several Small Modular Reactors (SMRs), which are compact, advanced reactors that can be built closer to the power grids and completed more rapidly than traditional reactors. SMRs also have the potential to lower carbon emissions, supporting the move towards cleaner, sustainable energy, " CFRA analyst Arun Sundaram noted last week. He further emphasized, "As the full power of AI relies on both data centers and energy infrastructure, these investments bolster AMZN's position as a leading provider in cloud and AI services. " The resurgence of nuclear power has sparked major movements in the stock market, with some stocks more than doubling in value within just a few days this month. From utility companies to uranium miners and small-scale nuclear developers, these stocks are experiencing a surge amid the revival of the nuclear power industry in the United States. 1.

Cameco Ticker: CCJ Market Value: $23. 6 billion Year-to-Date Performance: +25% 2. BWX Technologies Ticker: BWXT Market Value: $11. 3 billion Year-to-Date Performance: +62% 3. Oklo