AI Boom Drives Nuclear Stocks: These Energy Providers Benefit From the Data Hunger!

Artificial Intelligence is revolutionizing not only technology but also energy markets. Tech giants like Amazon, Meta , and Alphabet are increasingly relying on nuclear energy to power their energy-hungry data centers. The VanEck Uranium & Nuclear ETF has already risen by nearly 50% since the beginning of the year – and analysts see further potential up to 155 USD. Exponential energy hunger of the AI industry: What seemed unthinkable just a year ago is now a reality: While in 2023 an AI model was trained with 16,000 graphics processors,...