Bank of America highlights nuclear’s resurgence as AI data centers require massive energy, reviving a stagnant industry.
Nuclear energy stocks are rebounding as surging electricity demand, driven by $7 trillion in AI data center investments, strains existing power grids. The sector, which once supplied 18% of global electricity, now accounts for less than 10% but is poised for growth as reliable, low-carbon energy gains priority.
After decades of stagnation, nuclear capacity plateaued in the 1990s, with little investor interest. However, the rapid expansion of energy-intensive AI technologies has reignited demand, positioning nuclear as a key solution for baseload power with a smaller carbon footprint.
Bank of America reports the industry’s revival, noting its potential to meet escalating power needs while supporting decarbonization efforts. The shift marks a historic turn for a sector long overlooked by markets.