The Nuclear ETFs Powering AI Data Centers and Posting Triple-Digit Returns

Core Insights - The investment focus is on the uranium supply chain rather than the power grid, with Cameco as the largest position at 24% weight [1] - The Global X Uranium ETF (URA) is the largest and most liquid nuclear-themed fund, with $7.6 billion in assets and a 120% return over the past year [2][5] - U.S. power demand is projected to reach record levels through 2027, driven by AI data centers, positioning nuclear energy as a reliable zero-carbon source [3][4] Group 1: Investment Vehicles - URA has a 0.69% expense ratio and has returned 120% over the past year, reflecting strong uranium demand [2][5] - The Range Nuclear Renaissance Index ETF (NUKZ) focuses on the entire nuclear ecosystem, has $875 million in assets, and returned 73% over the past year [8][12] - The Themes Uranium & Nuclear ETF (URAN) blends uranium miners and nuclear utilities, has $30.6 million in assets, and returned 74% over the past year [13][15] Group 2: Market Dynamics - The U.S. Energy Information Administration forecasts a rise in American power demand, with nuclear energy expected to gain market share [3][4] - NUKZ's portfolio includes a significant portion in industrials (31.5%) and utilities (19.6%), indicating a broad approach to nuclear infrastructure [9][12] - URAN's portfolio includes international nuclear companies, reflecting the global nature of nuclear buildout in 2026 [14]