3 Top Nuclear Stocks to Buy in January
Artificial intelligence (AI) took the world, and the stock market, by storm in early 2023 and has not slowed since. Investors have flocked to the companies developing and producing the chips to power AI models, the cloud companies building massive AI data centers, and even the software companies deploying AI applications.
However, the energy required to power all this innovation could become an increasingly hot topic in the coming years. According to estimates by Wells Fargo, AI technology's electricity consumption could increase from 8 terawatt-hours in 2024 to 652 terawatt-hours by 2030. Nuclear power could help solve this challenge. Emissions could discourage fossil fuel use, and renewable energy remains too intermittent to depend on alone. That opens the door for nuclear power, which is efficient and clean.
AI's long-term energy needs could help fuel growth in companies exposed to nuclear energy, so consider buying these three top nuclear stocks in January.
Source Fool.com
