AI’s Insatiable Energy Needs Boost Uranium ETFs
From Nasdaq: 2024-05-14 13:29:00
Tech giants like Microsoft, Alphabet, Amazon, and Meta are heavily investing in artificial intelligence and cloud computing, driving demand for energy-intensive data centers. Many companies are shifting to renewable and nuclear energy sources for sustainability. President Biden signed a bill to ban Russian enriched uranium imports, boosting domestic uranium production with a $2.7 billion allocation.
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