Nuclear power stocks rise amid push for AI power. Here are 7 names to watch.

Cooling tower of nuclear power plantWlad74/Getty Images

Tech giants like Amazon and Microsoft are contracting nuclear power for their AI data centers.
The resurgence of nuclear power is driven by the demand for clean energy and the growing energy demand of AI.
These nuclear-focused stocks have soared this year amid an ongoing nuclear renaissance.

The nuclear power industry is undergoing a renaissance as the demand for clean electricity increases across the country, driven in part by the energy demand associated with artificial intelligence data centers.

Mega-cap tech companies including Amazon, Microsoft and Alphabet have signed nuclear power deals to meet their growing energy needs as AI becomes a bigger part of their businesses.

A utility company is even restarting the Three Mile Island nuclear power plant after signing a 20-year deal to sell power to Microsoft.

Three Mile Island, located on the Susquehanna River in Pennsylvania, was the site of the nation's worst nuclear accident in 1979.

Meanwhile, Amazon led a $500 million financing round for a company that builds modular nuclear reactors and bought a nuclear-powered data center for $650 million in March.

Amazon Web Services CEO, Matt Garman, said in a press release.

Wall Street analysts are also encouraged.

“Nuclear power projects involve the construction of several small modular reactors (SMRs), a compact, advanced type of reactor that can be built closer to the grid and can be completed faster than conventional reactors. A cleaner, more sustainable way to power,” CFRA analyst Arun Sundaram said last week. said in a note to the week.

He added: “With the full power of AI dependent on both data centers and energy infrastructure, these investments help AMZN secure its position as a leading cloud/AI provider.”

The resurgence of nuclear power has led to big moves on Wall Street, with some stocks more than doubling in just a few days this month.

From utility companies to uranium miners to small-scale nuclear developers, these stocks are rising amid a revival of America's nuclear power industry.

7. Cameco