We’ve all grown accustomed to the positivity surrounding the artificial intelligence frenzy.
Of course, beloved Nvidia has been leading the charge, and several other large-cap technology companies are also set to benefit.
But for those looking for another angle, energy stocks with nuclear and uranium exposure, such as Cameco CCJ and Vistra VST, should be considered, given the vast amount of energy used within data centers. Let’s take a closer look at each.
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Vistra
With an innovative, customer-centric approach, Vistra operates a reliable and efficient power generation fleet that includes natural gas, nuclear, coal, solar, and battery energy storage facilities. Shares have been scorching hot in 2024, gaining nearly 45% and seeing bullish action thanks to the AI frenzy.
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Cameco
With assets on three continents, Cameco is one of the world’s largest uranium producers, positioning it nicely to reap the growing demand for nuclear energy. CCJ shares have similarly been red-hot in 2025 so far, gaining more than 64%.
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Tim Gitzel gave a rosy outlook for the company following its latest set of quarterly results, stating, ‘“The solid second quarter and first-half financial performance across our uranium, fuel services, and Westinghouse segments demonstrates the resilience of our strategy and the constructive outlook for nuclear power, significantly improving our overall 2025 expectations.”
Bottom Line
See also <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Tech Stocks Update: TSMC, ASML Financial Results; Nuclear Power Deals Signed by Amazon, Google</title></head><body><h2>Bitcoin Continues its Ascension</h2><p>The world of Bitcoin witnessed a remarkable surge this week as the price of the popular cryptocurrency soared to new heights. With riveting optimism surrounding China's stimulus plan, Bitcoin escalated above its 200-day moving average, breaking the US$62,640 threshold on a Sunday evening. By Monday morning, the price had surpassed US$66,400, marking a notable milestone since late July. This upward trajectory led to over US$100 million in liquidated short positions as observed by CoinGlass data, affirming the fervent market activity following the price hike.</p><h2>Strong Market Indicators for Bitcoin</h2><p>Amidst the surge, open interest in Bitcoin futures hit an all-time pinnacle, signaling robust institutional involvement and heightening expectations for a sustained rise in prices. Furthermore, Bitcoin exchange-traded funds experienced record inflows exceeding US$250 million daily throughout the week, amplifying bullish sentiments in the sector. Market experts, including crypto analyst Omkar Godbole, hint at a significant uptrend suggested by the recent breakout. As investors eye the US$70,000 threshold for Bitcoin's next significant resistance level and anticipate Ether's ascent to US$2,770, the crypto market remains abuzz with excitement. At the week's close, Bitcoin stood strong at US$68,362, while Ether held steady at US$2,663, setting the stage for potential future movements.</p><h2>Political Influence on Bitcoin's Trajectory</h2><p>Bitcoin's recent performance was not solely driven by market forces but also influenced by political developments. Speculation surrounding the US elections loomed over the cryptocurrency space, particularly highlighted when US Vice President Kamala Harris pledged support for a regulatory framework governing cryptocurrencies. While the announcement lacked intricate details, it underscored a growing alignment between political figures and the crypto sphere. Ripple Labs co-founder Chris Larsen further captured attention by donating XRP tokens worth US$1 million to Future Forward, a super PAC endorsing Harris' political endeavors, demonstrating the entwined relationship between finance, technology, and political landscapes.</p><h2>Chip Industry Faces Turbulence</h2><p>The chip industry encountered turbulence this week as reports of potential export caps weighed down chip stocks, triggering volatility in the tech sector. Amidst this backdrop, tech giants Amazon (NASDAQ: AMZN) and Google (NASDAQ: GOOGL) made significant strides by securing nuclear power deals, diversifying their energy portfolios and positioning themselves for sustainable operations in the future. As market dynamics continue to evolve, stakeholders are closely monitoring developments in the semiconductor space while charting strategies to navigate shifting landscapes.</p></body></html><!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Implications of Potential AI Chip Export Caps and ASML's Q3 Results</title></head><body> <article> Exploring Potential AI Chip Export Caps and ASML's Q3 Performance
The artificial intelligence theme is undoubtedly here to stay for some time, with many different angles to play the frenzy.
And notably, the energy consumption side of the trade has gotten heavy attention, with both stocks above – Cameco CCJ and Vistra VST – seeing their shares move higher in 2025.
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This article originally published on Zacks Investment Research (zacks.com).
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