全球AI工业与能源：特朗普政府回归推动AI工业及SMR投资加速

Core Insights - The rapid development of the AI industry has led to the emergence of the "AI Industry and Energy" sector, which includes non-IT equipment and energy solutions necessary for AI data centers, presenting new investment opportunities for investors seeking medium to long-term returns [1][9][10] AI Industry and Energy Sector - The expansion of AI data centers is driving the growth of the AI industry and energy sector, with global data center electricity consumption estimated at 460 TWh in 2022, projected to exceed 1000 TWh by 2026, indicating a compound annual growth rate of approximately 15% for power-related equipment from 2023 to 2030 [2][10] - The market for data center power equipment and thermal management is expected to exceed $38 billion by 2029, with a compound annual growth rate of 11.5% [2][10] Nuclear Energy Policy - The return of the Trump administration is expected to reduce restrictions on nuclear power development, promoting domestic nuclear energy, natural gas, and oil production, with a projected compound annual growth rate of 4% for US nuclear power capacity from 2023 to 2040 [3][11] - The administration's policies are likely to accelerate the commercial application of AI technologies by reducing restrictions on nuclear energy facilities and encouraging public-private partnerships for infrastructure development [3][11] Small Modular Reactors (SMR) - The SMR industry is projected to grow at a compound annual growth rate of 27% over the next 30 years, with significant interest from technology companies driving investment in new nuclear power stations [4][12] - By 2050, approximately 25% of new nuclear power capacity is expected to come from SMRs, with the first commercial SMRs anticipated to be operational around 2030 [5][13] Investment Opportunities - Investment opportunities in the AI industry and SMR sector are recommended, with a focus on US data center AI industry equipment, services, and energy consumption companies, including Constellation, Vistra, NuScale Power, and others [6][15]