Uranium and artificial intelligence

By 2030, it is estimated that artificial intelligence will account for a quarter of total electricity consumption in the USA. So, it’s no wonder that heavyweights such as Microsoft and Amazon are looking to build data centers that run on nuclear power. Microsoft, for example, is planning a nuclear-powered data center that will cost around 100 billion US dollars. It is a fact that artificial intelligence applications are growing and covering more and more areas. The power consumption of technologies such as ChatGPT is gigantic. And the electricity needs to flow reliably; this is not necessarily guaranteed with wind or solar energy, but it is different with nuclear power. According to forecasts by the International Energy Agency, the electricity requirements of AI data centers could increase tenfold by 2026, starting from 2023.

Nuclear energy is therefore attractive again, as can easily be seen from the development of the uranium price. And it is not just artificial intelligence that is driving up uranium consumption and therefore the price of uranium. It is climate change, and to stop it, nuclear power is part of the energy mix. Physical uranium and undervalued uranium stocks should now be in focus. Especially as the US ban on the import of enriched uranium from Russia is imminent.

The Bank of America, for example, forecasts that the price of uranium will continue to rise, by around 28% in 2025. Citibank even predicts a price increase of 68 percent in 2025. Supply shortages and rising demand are the reasons. Investors should therefore keep an eye on uranium companies such as Uranium Energy or IsoEnergy.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is advancing uranium projects in Canada and owns prospective ISR uranium projects in the USA.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – has extensive mineral resources in Canada, the USA, Australia and Argentina.

Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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