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As Cloud Computing Giants Turn to Nuclear Power, Is Now the Time to Buy Cameco? [Yahoo! Finance]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Yahoo! Finance
Thanks to the emergence of artificial intelligence (AI) , cloud computing companies have increasingly been turning their attention toward nuclear power. And with nuclear power comes the need for more uranium. Let's take a closer look at what is going in the nuclear power sector and how this could impact uranium miner and nuclear service provider Cameco (NYSE: CCJ) AI and nuclear power As major tech companies rush to build AI-focused data centers, they are left with the need of finding cheap and reliable power sources, because AI training and inference use a massive amount of energy. Two of the best sources for this power come from natural gas and nuclear energy. Until last year, when a Georgia nuclear plant commenced operations, there had not been a nuclear power plant built from scratch in the U.S. in over 30 years. It was the first nuclear reactor start-up since 2016. The project was delayed by seven years and well over budget, which shows the struggles of getting nuclear p Show less Read more
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