Nuclear AI Power

Every dollar spent on AI eventually becomes a dollar spent on electricity, and nothing delivers 24/7 carbon-free baseload power at the scale hyperscalers need except nuclear. Microsoft, Meta, and Amazon are signing 20-year power purchase agreements worth billions directly with nuclear operators — not because they're green, but because the grid can't keep up. Nuclear ETFs like URA and NUKZ give you broad exposure, but they also give you problems. URA is 60%+ uranium miners with almost no reactor operators — you miss the companies actually signing billion-dollar contracts with Big Tech. NUKZ spreads across 40+ names including utilities like Duke Energy and AEP that have minimal nuclear exposure, diluting your returns with generic power companies. Neither ETF adjusts when the sector turns — they hold pre-revenue SMR developers at the same weight during a bear market as they do during a rally, dragging down performance when you need protection most. This strategy is different. It spans the entire nuclear value chain — operators, fuel, and next-gen — but with only 13 high-conviction names where every holding earns its place.