🔎 The Nuclear Renaissance

There's something happening in America I'm still wrapping my head around.

The country is building mini nuclear reactors all over the place to power academic institutions, artificial intelligence data centers, and the most successful companies in the world.

I don't think there's a better representation of how America creates wealth more than the energy abundance it's trying to create. Because let's face it, the only limitation to growth is energy. And as far as the smartest minds are concerned, the only constraint on energy is our ability to expand our generational capacity.

With Trump signing his executive order, removing excessive regulation to approve of new reactors, uranium stocks have been on a tear. In fact, the Global X Uranium ETF $URA just reached its highest level in over a decade!

Breaking down the largest and best performing stocks, we can look at the individual components of this ETF.

The biggest standouts this year have been:

• Hyundai Engineering +172.5% YTD
• Doosan Enerbility +161.5%
• Oklo Inc +136.9% YTD (We talked about this in May before its +150% move)
• Centrus Energy +114.9%
• Sibanye Stillwater +99.5% 

You can see all the holdings of this ETF, with their YTD returns on the y-axis and their weighting in the ETF on the x-axis.

It's clear that the increased nuclear capacity is a trend that's here to stay and the market is pricing in optimistic prospects for these companies.