Bank of America and Morgan Stanley analysts project nuclear investments could reach $2.2 trillion by 2050 to meet AI-driven electricity needs.
Bank of America analysts identify nuclear energy as a $10 trillion opportunity, driven by surging electricity demand from AI and data centers. The sector offers reliable baseload power with a smaller carbon footprint compared to other energy sources.
Morgan Stanley forecasts global nuclear capacity could more than double to 860 GW by 2050, with investments in the nuclear value chain reaching $2.2 trillion over the next 25 years. U.S. electricity use hit record highs in 2023, with further growth expected in 2026 and 2027.
The rise in demand is attributed to AI-driven data centers, which require substantial power. Analysts suggest nuclear energy may be critical to sustaining AI and data center expansion.