Nuclear Stocks Rise as AI Creates Energy Crunch
Analysts say the proliferation of artificial intelligence (AI) technology across several industries is increasing energy demand and boosting the value of nuclear stocks. AI is consuming increasingly larger amounts of energy and analysts see new nuclear energy opportunities thanks to the resultant spike in energy demand. Alongside data centers run by tech giants like Google and Microsoft Corp. (NASDAQ: MSFT), AI technologies are causing electricity demand to soar and could potentially provide opportunities for growth in nuclear stocks, Mizuho research analyst Anthony Crowdell says. Speaking in a recent interview with BNN Bloomberg, Crowdell says that before the recent surge in…