Nick Hodge,
Publisher
Oct. 15, 2024
Yesterday, Google said it would contract with a small nuclear firm to get power for its AI data centers.
A few weeks ago, Microsoft said it would buy all the power from Three Mile Island, a nuclear site owned by Constellation Energy.
Just before that, Oracle said it would start designing AI data centers that come replete with small modular nuclear reactors.
These are grinningly stunning and profitable announcements.
They are also tantamount to admitting nuclear is the only viable form of baseload clean energy — a fact this letter has long known, espoused, and profited from.
Indeed, the world has already admitted this.
Europe added nuclear back into its ‘green taxonomy’ back in 2022, allowing it to qualify for clean energy tax breaks. The International Energy Agency said that same year that global nuclear capacity would have to double by 2050 if the world had any chance of meeting its climate goals.
And at the United Nations climate conference in Dubai last year, more than 20 nations, including the United States, France, Japan and the UK, made a significant commitment to triple global nuclear energy generation by 2050.
The big banks and Wall Street are now falling in line.
Just last month, fourteen of the world's biggest banks, including Goldman, Morgan Stanley, and BNP Paribas, said they would support the goal of tripling nuclear power generation through direct lending and other finance packages. BNP noted that there was simply “no scenario” in which the world could hit its carbon targets without nuclear energy.
The CEO of Constellation Energy — the utility that owns Three Mile Island — recently told Bloomberg that "There's no version of the future of this country that doesn’t rely on these nuclear assets.”
Investors are now figuring out what we’ve long known: you can make outsized returns from nuclear energy, particularly from the uranium needed to fuel it all. According to Bloomberg, a basket of nuclear energy stocks has outperformed all other climate solutions over the past three years.
Uranium stocks are the choicest cut of that pie.
We have made thousands of percent returns and millions of dollars from uranium stocks over the past few years.
And there are three that we’re loading up on now.
You can see them all here.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle