Nuclear Stocks Soar on Stargate AI Infrastructure Announcement

Over the past couple of years, the nuclear energy sector has enjoyed a renaissance in the U.S. and many western countries thanks to the global energy crisis triggered by Russia’s war in Ukraine, high power demand and nuclear’s status as a low-carbon energy source. Uranium demand has soared thanks to a series of policy "U-turns" with governments from Japan to Germany revising plans to phase out nuclear power. Uranium spot prices hit an all-time high of $81.32 per pound in February, double the level 12 months prior. According to the World…