Core Insights - Nuclear energy is experiencing significant growth in 2026, driven by strong government support, backing from Big Tech, and a global trend towards increasing carbon-free energy capacity [1] - The VettaFi Nuclear Renaissance Index has risen 14% year-to-date as of January 28, 2026, outperforming the S&P 500, which increased by approximately 2% during the same period [1] - The sector has received substantial capital investments, including a $2.7 billion award from the Department of Energy for uranium enrichment [1] Government and Private Sector Support - Nuclear energy benefits from unique bipartisan support in the U.S., leading to sustained policy momentum across different administrations [1] - Meta has signed a 20-year agreement with Vistra for over 2.6 gigawatts of power and partnered with Oklo to finance a 1.2 gigawatt small modular reactor project in Ohio [1] Index and ETF Performance - The VettaFi Nuclear Renaissance Index (NUKZX) aims to maximize risk-adjusted returns by diversifying across various sectors, including construction, services, utilities, fuel, and advanced reactors [1] - The Range Nuclear Renaissance ETF (NUKZ) provides a single-ticker solution for investors to capture the entire nuclear supply chain, with traditional asset allocators increasingly adding NUKZ to their portfolios [1] Market Trends and Future Outlook - Advisors are using NUKZ as a satellite allocation alongside AI investments, recognizing that the demand for AI will drive global energy demand [1] - The nuclear sector is transitioning from a traditional utility model to a high-growth technology enabler, indicating a shift in market dynamics [1]

Core Insights - Utilities are fundamentally changing their approach to nuclear power, indicating a long-term commitment to this carbon-free energy source [1] - Uranium prices have reached a 17-year high of $86 per pound, but actual market demand reflects prices around $100 to $115 per pound due to 70% of current contracts being market-related [1] - There is strong sovereign demand for uranium, with India being a notable example, which is a leading indicator for a robust contracting environment [1] Uranium Market Dynamics - Utilities are prioritizing security of supply over spot exposure, accepting higher incentive prices and longer contract durations [1] - The electricity demands from generative AI and data centers are further increasing the need for uranium [1] - The U.S. government is stimulating the uranium supply chain by partnering with Brookfield and Cameco to support the deployment of Westinghouse AP1000 reactors, targeting at least $80 billion in new reactors across the U.S. [1] Investment Opportunities - The structural shift in the nuclear sector is captured by the Range Nuclear Renaissance ETF (NUKZ), which tracks the VettaFi Nuclear Renaissance Index, providing exposure to Cameco and other companies involved in the nuclear renaissance [1] - Financial advisors are encouraged to stay informed on the nuclear sector for potential investment opportunities [1]

Core Insights - The global shift towards decarbonization and the growth of artificial intelligence (AI) have made nuclear energy a vital part of the future energy landscape [1] - Financial advisors face challenges in accessing the nuclear value chain due to its global nature and the complexities of international markets [2][3] Investment Opportunities - The Range Nuclear Renaissance ETF (NUKZ) offers a U.S.-listed solution for investors to gain exposure to the entire nuclear lifecycle, including advanced reactor developers and utilities, without the need for foreign currency conversions [4] - The demand for power from AI data centers has accelerated the need for nuclear infrastructure, positioning nuclear energy as a high-growth sector [5] Performance Metrics - NUKZ has shown strong performance, returning approximately 60% over the trailing one-year period as of January 9, driven by a diversified portfolio that includes industry leaders and emerging innovators in the small modular reactor (SMR) space [6]

Core Insights - The energy sector is experiencing significant activity driven by the demand for data centers and AI infrastructure, particularly in nuclear, solar, and power generation stocks [1] - Nvidia CEO Jensen Huang highlighted energy as a critical bottleneck for the AI industry, referring to next-generation data centers as "gigawatt factories" that require substantial power [2][3] Nuclear Energy Developments - Huang anticipates the deployment of small nuclear reactors to power data centers directly within six to seven years, presenting an off-grid model as essential for achieving carbon-neutral goals [3] - The Department of Energy awarded $400 million each to the Tennessee Valley Authority and Holtec Government Services to accelerate small modular reactor deployment, contributing to the sector's momentum [4] Market Reactions - Nuclear energy ETFs have benefited from the convergence of tech demand and government support, with the Range Nuclear Renaissance ETF (NUKZ) up 62.8% year to date as of December 5 [5] - The ETF tracks a diverse group of nuclear energy stocks, including utilities and advanced reactors, indicating strong investor interest in the sector [5] Strategic Importance - Nuclear energy is becoming a fundamental infrastructure component for the AI economy, as dedicated nuclear power sources are deemed necessary for the future operation of "gigawatt factories" [6]