Nuclear Renaissance Driven by AI and Big Tech: ETFs to Watch

President Trump's executive orders aim to quadruple US nuclear capacity by 2050, driven by Big Tech's push into nuclear energy for AI data centers. Companies like Microsoft, Amazon, and Google are investing in nuclear power projects, including small modular reactors. The Range Nuclear Renaissance Index ETF (NUKZ) and Global X Uranium ETF (URA) are among the funds tracking the nuclear energy sector.

The U.S. is experiencing a resurgence in nuclear energy, driven by President Trump's executive orders and the growing demand for power from Big Tech companies, particularly for AI data centers. Companies such as Microsoft, Amazon, and Google are investing in nuclear power projects, including small modular reactors (SMRs), which are designed to be built in factories and moved to a site, reducing upfront capital investment compared to traditional large reactors.

According to the Nuclear Energy Institute, half the states have taken action to promote nuclear power in the past two years. For instance, Texas, under Republican Gov. Greg Abbott, has signed legislation creating the Texas Advanced Nuclear Energy Office and investing $350 million in nuclear expansion. Similarly, New York's Democratic Gov. Kathy Hochul directed the New York Power Authority to build a zero-emission advanced nuclear power plant, and Colorado's Democratic Gov. Jared Polis redefined nuclear energy as a "clean energy resource" [2].

Renesas Electronics, a leading supplier of advanced semiconductor solutions, has also been strengthening its power leadership with new GaN FETs for high-density power conversion in AI data centers and industrial applications. These devices, built on proven SuperGaN technology, offer superior thermal efficiency and ultra-low power loss, making them ideal for high-performance, cost-conscious applications [1].

The Range Nuclear Renaissance Index ETF (NUKZ) and Global X Uranium ETF (URA) are among the funds tracking the nuclear energy sector, providing investors with opportunities to participate in this growing market. The push for nuclear energy is driven by the need for reliable, high-density power sources to support the increasing demand for data centers and other high-tech applications.

As the U.S. continues to invest in nuclear energy, it is crucial for investors to stay informed about the developments in this sector. The nuclear renaissance, driven by both government initiatives and corporate investments, presents significant opportunities for growth and innovation in the energy sector.

References:
[1] https://www.morningstar.com/news/business-wire/20250701743689/renesas-strengthens-power-leadership-with-new-gan-fets-for-high-density-power-conversion-in-ai-data-centers-industrial-and-charging-systems
[2] https://stateline.org/2025/07/01/smaller-nuclear-reactors-spark-renewed-interest-in-a-once-shunned-energy-source/