With cryptocurrencies and artificial intelligence booming, the demand for energy is skyrocketing. As a result, uranium prices are rising due to supply concerns and increased demand. This article explores the Direxion Daily Uranium Industry Bull 2X Shares (URAA) ETF, a leveraged fund that offers exposure to the uranium market.
China is leading the world in nuclear power innovation, with its fourth-generation ‘pebble bed’ reactor proving to be a game-changer. This advanced technology not only produces clean energy but also surpasses traditional reactors in safety and efficiency. Learn how this groundbreaking innovation is shaping China’s energy future and its global impact.
Oklo Inc. (OKLO) shares soared in early trading after the company announced the completion of environmental compliance testing for its first commercial advanced fission power plant. The U.S. Department of Energy (DOE) and the Idaho National Laboratory (INL) successfully completed the environmental compliance process, paving the way for the construction of Oklo’s groundbreaking reactor in Idaho.
Meta’s ambitious plans to construct a nuclear-powered AI data center in the U.S. have hit a roadblock due to the discovery of a rare bee species on the proposed site. The project, which aimed to provide emissions-free electricity for the new data center, faced several environmental and regulatory hurdles, forcing Meta to explore alternative energy sources.
Nuclear power, once sidelined in favor of renewable energy sources, is experiencing a resurgence due to growing data center energy demands and global energy security concerns. This shift is being driven by investments from tech giants like Microsoft, Amazon, and Google, as well as government support and the development of innovative Small Modular Reactors (SMRs).
Oklo Inc.’s (OKLO) stock surged on Monday, riding the wave of renewed interest in nuclear power, fueled by Amazon’s $500 million investment in the sector. The company’s CEO hints at potential deals with major tech players, suggesting Oklo could be the next to benefit from the growing demand for reliable, carbon-free energy.
U.S. stocks closed mixed on Friday, with the Nasdaq Composite gaining around 100 points. Autoliv, Inc. (ALV) led the charge, jumping over 5% after reporting strong third-quarter sales results. Other notable gainers included Oklo Inc. (OKLO), NANO Nuclear Energy Inc. (NNE), and Peloton Interactive, Inc. (PTON), driven by positive company news and upcoming earnings releases.
NuScale Power Corporation’s SMR stock is trading lower today, following a surge yesterday sparked by Amazon’s massive investment in nuclear power. The tech giant’s commitment to the sector is fueling optimism, but investors are now digesting the news and taking profits. This move highlights the growing interest in nuclear energy as a clean energy solution.
Amazon Web Services (AWS) announced plans to invest over $500 million in nuclear power, sparking a surge in nuclear stocks. The tech giant signed agreements to support the development of several new Small Modular Reactors (SMRs), driving up shares of companies like Oklo, NuScale, Nano Nuclear, and Lightbridge.
While Nvidia dominates the AI headlines, Vistra Corp, a Texas-based utility company, is quietly making waves in the energy sector. By leveraging AI and expanding into nuclear power, Vistra is capitalizing on the booming demand for clean energy from data centers, a key driver of AI development. This strategic move has propelled Vistra’s stock to impressive gains, exceeding even Nvidia’s performance.
