Uranium Update

Previously, we’ve reported on Amazon $AMZN and Microsoft $MSFT contracting to use nuclear power for their AI datacenters. We’ve also written about the efforts to restart decommissioned nuclear plants. Within the last week, Google $GOOGL joined in and signed a nuclear power deal. Today, we got the news that Amazon is heading up an equity investment in a nuclear company. Ken Griffin of Citadel is a co-investor. All-in, they’re investing $500MM in X-energy.

Demand is continuing to grow while the world’s largest producers continue to under-produce. DKI holds a large position in uranium $SRUUF.

 

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