Artificial intelligence (AI) requires a significant amount of power, and more countries and companies are turning to nuclear energy for its reliability.
Nuclear energy is experiencing a resurgence, and Cameco ( CCJ 1.96% ) is well positioned for the renewed interest. Since the beginning of the year, the stock has surged by 46%, fueled by a wave of investor optimism surrounding the future of nuclear power.
As nations seek to secure their energy needs, the role of nuclear power is becoming increasingly pivotal. Not only is nuclear a reliable source of energy, but it stands out as a cleaner-burning fuel that can meet the growing demands of our artificial intelligence (AI)-driven data centers .
If you're considering jumping on the Cameco train, let's dive into the stock and the i