Investing in commodity stocks can be tricky, and uranium stocks are no exception. The spot price of uranium soared over 140% between January 2022 and February 2024. However, there's been a sharp pullback in uranium prices since then, despite a spike in nuclear energy stocks.
Heading into 2025, the prevailing sentiment was that this was going to be the "nuclear decade," with dozens of nuclear power plants expected to be authorized and/or built to meet the needs of tech companies and their artificial intelligence (AI) applications. That's where uranium comes in. Nuclear energy is a truly clean and efficient power source, relying on uranium as a crucial fuel for nuclear reactors.
But in one weekend, China's DeepSeek created concerns over future investment in AI infrastructure. Does this mean the nuclear party is over?
The answer may come from an economic principle known as Jevon's Paradox, which states that increased efficiency often leads to greater demand. DeepSeek may bring about lower costs for AI projects, but it's also likely to accelerate the global adoption of AI, which means the infrastructure needs are not likely to change. For investors, this means that while short-term volatility may create uncertainty, the long-term demand for uranium remains strong.
In this special presentation, we analyze seven uranium stocks that are likely to benefit from rising uranium prices in the next decade.
Click the "Continue to Slide #1" button to view the first company.
