Dear Reader,

NVIDIA’s CEO publicly called quantum computing “15-30 years away.”

Then quietly started hiring quantum engineers.

Why the contradiction?

Because he knows what’s coming. And it threatens NVIDIA’s entire empire.

While everyone chases overpriced AI stocks, this unknown $20 company quietly cornered the market on quantum computing’s most essential ingredient.

Get the ticker before Wall Street catches on.

Regards,

Marc Lichtenfeld
Chief Income Strategist, The Oxford Club

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Is It Too Late to Jump on the Nuclear Bandwagon?

Written by Jordan Chussler. Published 8/25/2025.

 

A nuclear energy renaissance is underway, and early investors have reaped outsized gains. Pre-revenue Lightbridge (NASDAQ: LTBR) has climbed nearly 202% since its year-to-date low on January 14, while NuScale Power (NYSE: SMR) is up over 177% from its April 4 low.

But is there still room to profit for those who missed the initial run? And how can you get broad exposure without wagering on individual companies? The answer is likely yes—and one way to participate is through the Range Nuclear Renaissance Index ETF (NYSEARCA: NUKZ).

Data Center Power Demand Is Driving the Nuclear Revival

Data center construction has become a significant contributor to U.S. GDP growth. On May 28, Apollo Chief Economist Torsten Slø​​​​k noted that, despite a GDP contraction in Q1, data center builds added 1% to growth. By early August, Fortune reported data centers had overtaken consumer spending as the leading GDP driver.

Why the surge? Rapid and seemingly insatiable demand for artificial intelligence (AI) is creating an energy shortfall. Many operators are turning to nuclear power—specifically small modular reactors (SMRs)—to secure reliable, low-carbon electricity for AI-driven workloads.

According to Grand View Research, the global AI data center market was valued at $13.62 billion in 2024 and is projected to grow at a 28.3% compound annual rate from 2025 to 2030, driven largely by AI adoption. Traditional utilities, constrained by hydrocarbon limitations, may struggle to keep pace.

The International Energy Agency adds that AI data centers could “transform the energy sector single-handedly,” forecasting:

• Global Energy Demand: By 2030, AI data centers may consume around 1,000 TWh annually—up 300% from 250 TWh in 2020.
• Domestic Energy Usage: The U.S. Department of Energy expects AI data center electricity demand to triple by 2028. In 2023, it accounted for 4.4% of U.S. power; by 2028, it could reach 6.7%–12%.
• Net-Zero Goals: SMRs are pivotal to corporate decarbonization. Amazon (NASDAQ: AMZN) has announced SMRs will be central to its net-zero-by-2040 plan.

As the Magnificent Seven tech giants embrace nuclear power, competition for SMR-generated electricity will intensify. Amazon is investing $334 million in an SMR feasibility study, while Alphabet (NASDAQ: GOOG) plans to purchase power from Kairos Power’s SMRs.

The AI-driven nuclear rally appears to have legs. If you weren’t on board at the outset, remember: “The best time to invest was yesterday. The second-best time is today.”

The Go-To ETF for Nuclear Exposure

The Range Nuclear Renaissance Index ETF (NUKZ) offers one-click exposure to the industry’s leading players. Its 0.85% expense ratio is relatively high for a passive fund, but its holdings include some of the biggest names in uranium mining and nuclear power.

NUKZ’s largest position is Cameco (NYSE: CCJ) at 9.86%—the world’s largest uranium miner with a $33.44 billion market cap. Its second-largest is Constellation Energy (NASDAQ: CEG) at 8.39%, which in June signed a 20-year agreement to supply Meta Platforms (NASDAQ: META) with 1,121 MW of emissions-free nuclear energy.

Since its YTD low on April 8, NUKZ is up nearly 71%; since its one-year low on September 6, 2024, it’s climbed over 93%. Those gains may give some investors pause, but the ETF remains tied to a high-growth sector aligned with AI expansion.

For those seeking a better entry point, NUKZ’s one-year Relative Strength Index (RSI) stands at 49.55, suggesting neutral momentum. A pullback toward $55 could provide a more attractive entry; a deeper slide to $50 might precede a reversal as the ETF enters oversold territory.