Uranium Mining ETFs Surging This Month

Uranium mining exchange traded funds (ETFs) are having a strong October thus far. One of the reasons for the increased investor interest is the use of nuclear power by big tech.

The largest tech companies are focused on bolstering their artificial intelligence (AI) ambitions. That will require an insurmountable dose of power to run these applications. Higher demand for electricity has been the result of this need, but another alternative that big tech is looking into is nuclear power.

“Exchange-traded funds that track uranium miners and nuclear-energy stocks have skyrocketed in October, as major tech companies have tapped into nuclear power to fuel data centers as part of their AI push,” confirmed the Financial Times.

Interest in nuclear energy has been growing in the past years as the push to reduce global emissions continues to gain momentum. As such, more countries are considering the use of nuclear energy. That’s placing higher […]

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