From Yahoo Finance: 2025-06-03 15:18:00

Meta Platforms signed a 20-year deal with a nuclear energy provider in Illinois, boosting nuclear stocks like Cameco. Cameco’s stock rose 2.8% on the news. Tech companies are turning to nuclear energy for reliable power to fuel energy-hungry AI models. This deal highlights growing demand for uranium as tech’s power needs increase.

Cameco, the world’s largest uranium provider, stands to benefit from the deal and future agreements in the AI-driven power race. The company is a solid addition for investors seeking exposure to uranium stocks. While Cameco is on the rise, consider the Motley Fool’s top 10 stock picks for potential monster returns.

Tech’s interest in nuclear energy is evident in Meta Platforms’ 20-year agreement to purchase energy from a nuclear reactor in Illinois. Cameco’s stock surged on the news, reflecting the growing demand for uranium in the tech industry. The deal signals a shift towards nuclear energy in powering AI-driven data centers.



Read more at Yahoo Finance: Why Cameco Stock Is Moving Higher Today