Cameco-branded aerial view of a uranium mining and processing site, highlighting nuclear energy sector momentum. Key Points As investors continue to rotate out of tech, energy continues to dominate in early 2026 with a 21% YTD gain. While fossil fuels have recovered, nuclear energy is also fueling the rally as demand is forecast to double by 2040. After gaining 135% over the past year, analysts remain bullish on Cameco, with the stock receiving a consensus Buy rating. Interested in Cameco Corporation? ...

Core Insights - The nuclear energy sector is gaining attention not only due to AI and data centers but also due to geopolitical factors and U.S. initiatives to promote nuclear exports [1] Geopolitical Strength of Nuclear Energy - Nations lacking industrial capabilities for nuclear energy will seek support from other countries, leading to stability in their energy grids and job creation [1] - The exporting country gains significant political leverage by providing nuclear technology, fostering long-term relationships that can last over a century [1] U.S. Nuclear Export Initiatives - The U.S. government is prioritizing nuclear exports through executive orders aimed at securing agreements with other nations for advanced reactor technologies [1] - Recent agreements have been signed with countries like Saudi Arabia, Czech Republic, Slovakia, and Armenia, focusing on reducing reliance on Russian and Chinese nuclear technology [1] - The U.S. is taking over engineering and fuel services previously managed by Russia, with companies like Westinghouse and Lightbridge developing compatible fuel for various reactor designs [1] Investment Opportunities - The VettaFi Nuclear Renaissance Index (NUKZX) includes companies involved in the nuclear value chain, such as reactor developers and fuel service providers [1] - The Range Nuclear Renaissance Index ETF (NUKZ) is linked to this index, offering investors exposure to the growth potential in the nuclear sector [1]

Core Viewpoint - The U.S. government is launching new initiatives to stabilize key rare earth market prices, utilizing tariff measures to create a protected trade zone aimed at encouraging private mining investments in rare earth minerals, which are considered the "cornerstone of the modern economy" [1]. Group 1: Government Initiatives - U.S. Vice President Vance announced plans to establish a protected trade zone with a price floor supported by adjustable tariffs to ensure reasonable pricing for rare earth minerals [1]. - The U.S. government is initiating the "Treasury Plan," which includes $10 billion in loans from the Export-Import Bank and nearly $1.67 billion in private capital to create a specific rare earth reserve [1]. Group 2: Market Reactions - Following the announcement, U.S. rare earth stocks initially surged but experienced a significant decline the following day, with notable drops in companies such as United States Antimony (down 16.3%) and Lightbridge (down 15%) [2]. - The inaugural "Critical Minerals Ministerial Meeting" attracted over 50 foreign ministers from various countries, with discussions led by U.S. Secretary of State Rubio to promote participation in the newly established protected trade zone [2]. Group 3: Legislative Actions - Recent actions have extended to Congress, where the House is debating the "Critical Minerals Dominance Act," aimed at expanding mineral extraction on federal lands, alongside plans to extend the Export-Import Bank's financing authority for another 10 years [2]. Group 4: International Participation - There is uncertainty regarding the effectiveness of tariff measures in building a global trade zone, as many countries remain hesitant to participate, with Vance urging representatives to finalize agreements promptly [3].

能源部表示，其正在寻求优先利用私人和州政府资本的方法，并依靠"有针对性、有条件且有时限"的联 邦支持。 同日，Energy Fuels获得了Roth Capital的评级上调，从"卖出"调升至"中性"，目标价从13美元上调至 15.50美元。该机构认为，近期催化剂和市场情绪应偏向乐观，且不断上涨的铀现货价格可能会抵消任 何短期的价值调整。 该机构表示，这些被称为"核生命周期创新园区"(Nuclear Lifecycle Innovation Campuses)的基地，可为先 进核反应堆的部署以及配套的数据中心提供联邦支持，此外这些基地还可以进行铀浓缩。 这一战略标志着政策的转变，旨在解决美国核工业数十年来面临的难题，即如何处理放射性废料。 智通财经APP注意到，Energy Fuels(UUUU.US)周三领涨核能技术板块，股价大涨14.2%，创下近15年来 的新高。此前，美国能源部公布了一项旨在构建美国核燃料供应链的新举措。 其他核能技术及铀矿股表现如下：Oklo(OKLO.US)上涨10.6%，Denison Mines(DNN.US)上涨9.3%， NexGen Energy(NXE.US)上涨9.1% ...

Core Viewpoint - The nuclear energy sector experienced a surge in stock prices following President Trump's endorsement of nuclear energy as a safe and efficient solution for U.S. manufacturing and AI growth at the 2026 World Economic Forum [1][2]. Market Reaction - Pure-play nuclear and uranium stocks saw immediate gains as investors responded positively to Trump's supportive comments on nuclear power [3]. - Companies such as Oklo, Inc. (NYSE:OKLO), Nano Nuclear Energy, Inc. (NASDAQ:NNE), and NuScale Power Corp. (NYSE:SMR) experienced stock price spikes due to the bullish sentiment surrounding nuclear energy [3]. - Uranium producers like Uranium Energy Corp. (AMEX:UEC) and Cameco Corp. (NYSE:CCJ) also saw significant increases as the administration aimed to strengthen the domestic fuel supply chain [3]. Additional Stocks in the Nuclear Space - Other notable companies in the nuclear sector that were positively impacted include EnCore Energy Corp. (NASDAQ:EU), Ur Energy Inc. (AMEX:URG), Lightbridge Corp. (NASDAQ:LTBR), Nexgen Energy Ltd. (NYSE:NXE), Uranium Royalty Corp. (NASDAQ:UROY), and Terrestrial Energy Inc. (NASDAQ:IMSR) [5].

Group 1: NVIDIA Corporation - NVIDIA continues to dominate the GPU market, with a significant increase in revenue driven by demand in AI and gaming sectors [1] - The company reported a revenue of $13.51 billion for the last quarter, representing a 101% year-over-year increase [1] - NVIDIA's data center revenue reached $10.32 billion, up 171% compared to the previous year, highlighting its strong position in AI infrastructure [1] Group 2: Cameco Corp - Cameco Corp is experiencing a resurgence in uranium demand, with prices rising due to increased global interest in nuclear energy [1] - The company reported a revenue increase of 25% year-over-year, driven by higher uranium prices and increased production [1] - Cameco's strategic partnerships and long-term contracts are positioning it well for future growth in the nuclear sector [1] Group 3: Lightbridge Corp - Lightbridge Corp is focusing on advanced nuclear fuel technology, which aims to improve the efficiency and safety of nuclear reactors [1] - The company is in the process of developing its proprietary fuel technology, which could significantly reduce waste and enhance reactor performance [1] - Lightbridge's initiatives align with the growing global emphasis on sustainable energy solutions [1] Group 4: Palantir Technologies Inc - Palantir Technologies is expanding its footprint in the government and commercial sectors, with a focus on data analytics and AI solutions [1] - The company reported a revenue of $525 million for the last quarter, marking a 22% increase year-over-year [1] - Palantir's partnerships with various government agencies and private enterprises are enhancing its market position and driving growth [1]

Core Insights - Wells Fargo Investment Institute is optimistic about nuclear energy as a key solution to meet rising U.S. power demand, aligning with views from Cathie Wood's Ark Invest [1][5] Group 1: Power Demand Projections - U.S. power demand is projected to increase by 25% over the next decade, with a near-term annual growth rate of 2% to 2.5% expected over the next five years [2][3] - The primary driver of this demand surge is artificial intelligence, with states like Texas and California already facing challenges in meeting peak usage demands [3] Group 2: Nuclear Energy as a Solution - Wells Fargo suggests that nuclear energy, particularly through advanced technologies like small modular reactors (SMRs), is a viable option to address the anticipated power demand [4][5] - The full deployment of SMRs is estimated to be at least five years away, but companies in the Industrials sector developing this technology are viewed favorably by Wells Fargo [5] Group 3: Market Performance of Nuclear-Linked Stocks - Significant market gains have been observed in nuclear-linked stocks, with Oklo Inc. rising over 454%, Lightbridge Corp. up over 354%, and Nuscale Power Corp. increasing by 114% year-to-date [6][7] - Nuclear-focused ETFs have also performed well, with the VanEck Uranium and Nuclear ETF and the Range Nuclear Renaissance Index ETF both up over 68% year-to-date [7][9] Group 4: Favorable Outlook for Utilities Sector - Wells Fargo anticipates that the Utilities sector will benefit from increased power demand and pricing, with natural-gas turbines from Industrials companies currently bridging the immediate power gap for data centers [10]

Core Insights - The Russell 2000 index has rebounded significantly in Q3 2025, achieving its first all-time high since November 2021, driven by interest-rate-cut expectations and overall optimism in U.S. equities [1] - Nearly 60% of the Russell 2000 index components are trading above their 200-day moving average, indicating potential for further gains [2] - Notable top performers in the Russell 2000 index include Mercurity Fintech Holding, which surged by 538.44% over the past three months, and other companies showing substantial growth [4] Performance Highlights - The top performers in the Russell 2000 for Q3 include: - Mercurity Fintech Holding MFH (+538.44%) - Better Home & Finance Holdings BETR (+353%) - Kodiak Sciences KOD (+338.87%) - Korro Bio KRRO (+283.43%) - Celcuity CELC (+270.04%) - Bloom Energy BE (+253.55%) - American Battery Technology ABAT (+200%) [4] - Year-to-date best performers include: - Oncology Institute TOI (+1,029.45%) - Thredup TDUP (+579.86%) - Better Home & Finance Holdings BETR (+529.37%) - Oklo OKLO (+425.81%) - Palvella Therapeutics PVLA (+422.42%) [4][5]

Group 1 - The article highlights the effectiveness of Trump's industrial policies, which were initially met with skepticism, but have since shown significant results in various sectors [1][14]. - The manufacturing sector has seen a return to the U.S. due to Trump's policies, with Intel and Boeing benefiting from government support and contracts [3][4]. - The U.S. steel industry has experienced a resurgence, with domestic steel prices rising and companies like U.S. Steel expanding operations due to protective tariffs and infrastructure demands [4][27]. Group 2 - Trump's focus on strategic sectors such as defense and critical resources has evolved into a systematic approach, with companies like MP Materials and Palantir positioned as key beneficiaries [6][7]. - MP Materials has transformed into a leading U.S. rare earth supplier with significant government backing, highlighting the importance of resource security [7][8]. - The nuclear energy sector has also gained traction, with companies like Centrus Energy and NuScale receiving substantial government support, leading to stock price increases [8][20][22]. Group 3 - In the energy sector, Trump's policies have led to increased domestic oil and gas production, benefiting companies like ExxonMobil and Pioneer Natural Resources through regulatory rollbacks [11][30][31]. - The infrastructure sector has seen a positive impact from Trump's $1 trillion infrastructure plan, with companies like Lowe's and Commercial Metals experiencing significant revenue growth [12][29][34]. - The article emphasizes the importance of understanding the long-term implications of Trump's policies on various industries, suggesting that companies closely aligned with these strategies are likely to thrive [15][35].

Core Viewpoint - The article emphasizes that Trump's industrial policies, once dismissed as mere rhetoric, have proven effective in reshaping the U.S. industrial landscape, creating significant investment opportunities in various sectors [2][10]. Group 1: Manufacturing and Defense - Trump's pressure on companies like Carrier and Intel to bring manufacturing back to the U.S. was initially ridiculed, but it has led to substantial investments and job creation in the semiconductor industry, with Intel's Arizona factory ramping up production [3][4]. - Boeing has secured hundreds of billions in contracts, demonstrating the effectiveness of Trump's defense policies and the importance of domestic manufacturing [4]. - The U.S. steel industry has benefited from tariffs on imported steel, with domestic steel prices rising and companies like U.S. Steel expanding operations, creating thousands of jobs [4][10]. Group 2: Strategic Resource Independence - The article highlights the rise of MP Materials as a key player in the rare earths sector, supported by government investments and contracts, showcasing the shift towards resource independence [5][6]. - The nuclear energy sector has seen significant growth, with companies like Centrus Energy and NuScale receiving government support, leading to stock price increases and project advancements [6][7]. - Palantir has experienced a dramatic increase in market value, reflecting its central role in the government's AI-driven national security strategy [7][10]. Group 3: Energy and Infrastructure - Trump's policies aimed at traditional energy have led to increased domestic oil production, with companies like ExxonMobil and Pioneer Natural Resources benefiting from regulatory rollbacks and increased market share [8][9]. - The infrastructure sector has seen a positive impact from Trump's $1 trillion infrastructure plan, with companies like Lowe's and Commercial Metals reporting significant revenue growth due to increased demand for construction materials [9][10]. Group 4: Key Beneficiary Companies - Palantir is identified as a core beneficiary of the AI-driven national security strategy, with strong government ties and significant budget allocations [13]. - MP Materials, Lightbridge, and Centrus Energy are highlighted as key players in the critical minerals and nuclear sectors, benefiting from government support and policy initiatives [14][15][16]. - U.S. Steel and Nucor Steel are recognized for their direct benefits from trade protection policies and increased domestic demand for steel [19][21].