Is AI A Stealth Uranium Play? AIA Weekly Report 3.16.24

Amazon just closed on a $650 million dollar data center adjacent to a nuclear power plant in PA. The Wall Street Journal has said data centers currently consume 1% of all electricity demand. They also say that they expect this to grow by 50% over the next several years.

The newer AI chips consume quite a bit more electricity than the current generation of chips. It looks like this demand growth will be filled with some level of nuclear power.