Trump Makes His Nuclear Turn

On the shores of the Rhône River sits a nuclear plant that’s been generating power since Gerald Ford was President.

This power plant has seen it all. It has survived oil shocks, recessions, as well as the rise and fall of entire industries — all before its reactor needed a second refueling. 

But unlike most of the energy infrastructure we build today, nuclear plants aren’t designed for the short-term — they’re built to supply power for the next half-century!

Look, AI isn’t just a clickbait headline (sure, some of it is); this technology represents a societal transformation. 

Major shifts like this don’t run on short-term power supplies. The average wind turbine can run for about 20 years — not too shabby; solar panels can go a little longer under optimal conditions. Now, your average coal plant can go for nearly double that period… except we’ve stopped building those and the average age of the U.S. coal plant is past its average lifespan. 

If we know one thing, it’s that AI technology is going to require a helluva lot of power, power that needs to hum uninterrupted for decades. We need the kind of power that will be unfazed by policy cycles, supply chain hiccups, or the daily mood swings of the market. 

And as I told you recently, the “Age of Electricity” is here, and we’re running out of time to put that reliable baseload power in place.

We’ve talked about this new era for quite a while, actually. 

The age in which global electricity demand stops creeping higher and starts lunging forward.

AI data centers are the fastest-growing piece of it, but most of the investment herd tends to forget that this power demand is stacked on top of rising residential cooling demand, industrial electrification and the steady march of EVs. 

Look, you and I both know this isn’t a blip, but rather the largest structural expansion of electricity consumption since the post-war boom.

And here’s the part the herd refuses to wrestle with — None of this works without enough power! 

You can’t run a 24/7 inference cluster on wind gusts. You can’t keep a hyperscale server hall cold on a cloudy week. Yes, renewables ARE essential and will play a key role in tomorrow’s energy dynamic — but their intermittent nature forces a hard question the world has avoided for a decade: 

What do you build when you need guaranteed power at any hour, in any season, at any scale?

The world is finally finding its answer. 

And the key piece to the solution is nuclear power.

The Nuclear Reawakening

Over the past month, we’ve watched the U.S. government make its clearest pivot towards nuclear energy in over 40 years. 

Mind you, these aren’t symbolic gestures or small pilot projects, they’re nation-shaping investments, the kind that only appear when the future becomes impossible to ignore.

One of the recent shocks came after Washington announced an $80 billion nuclear partnership with Westinghouse and Cameco to build a fleet of AP1000 reactors. 

The deal wasn’t a plan for “eventual capacity” either. It was a strong commitment to put eight new large reactors into the U.S. pipeline, with fuel supply secured for years — that scale alone is something we haven’t seen in the United States since the 1970s!

As if that weren’t enough to keep the bulls excited, this week the Trump administration finalized a civilian nuclear agreement with Saudi Arabia, opening the door for our nuclear technology, engineers, and fuel suppliers to anchor the Saudis’ long-term energy grid. 

It’s a win-win scenario for nuclear power. More importantly, it’s a clear signal of what’s ahead — electricity demand growing at a rate that fossil fuels alone cannot keep pace with. 

And then came another bit of news that dropped — one that touched a nerve of our nuclear memories here in the United States. 

Earlier this week, the Department of Energy approved a $1 billion loan to Constellation Energy to restart Three Mile Island’s long-dormant Unit 1 reactor. 

Look, if you needed evidence that the U.S. political establishment has shed its old anxieties, this is it. 

Why? Because Three Mile Island was never supposed to be restarted… yet here we are, turning it back on to meet the coming electricity demand that we can no longer ignore.

If we don’t, you can bet there’ll be real-time repercussions. The North American Electric Reliability Corporation warned this month that multiple regions face acute reliability risks, worsened by rapid growth in data-center clustering along the East Coast and in the Midwest. 

The cold, bitter reality is that our power grid simply cannot carry the load as more and more data centers are put on-line. 

Remember, the IEA made the same point that electricity demand is rising everywhere — not at the margins, but in leaps: 3% global annual growth through 2035, with advanced economies adding roughly the equivalent of Japan’s entire electricity demand every five years. 

Again, AI alone contributes roughly 20% of that new load. And here in the U.S., utilities are signing power-purchase agreements at a pace that would have been unthinkable even two years ago.

Companies like Microsoft, Google and Amazon aren’t waiting for Congress to catch up. 

They’re already locking in next-generation nuclear power agreements, exploring micro-reactors at military installations, and securing future baseload contracts so their AI progress doesn’t hit a wall. 

Where the Smart Money Moves Next

Every major energy transition creates a quiet class of winners before the rest of the world catches on. In the shale boom, it was drillers and midstream operators. 

During the LNG build-out, it was pipeline owners and exporters. In the early aggressive push for solar, it was inverter manufacturers and utility-scale developers.

And now, in the age of AI-driven electricity growth, it‘ll be the companies supplying enough juice to the grid to keep it all running smoothly. 

You can already see it happening. 

Shares of Constellation surged after the Three Mile Island restart broke as the market started to recognize something we’ve known all along — the U.S. isn’t debating the nuclear question anymore. 

We’re bankrolling it!

This is how we’ll build a grid capable of handling trillion-parameter models and nationwide electrification, and the only way to avoid blackouts that can throw the entire AI boom off its rails.

My point is, the U.S. is entering a nuclear expansion unlike anything since the Cold War, and the companies already producing baseload nuclear power will be the first to benefit. 

They are, in every sense, the reactors built to outlast empires — and now they stand at the front of the next great American energy boom.

If the market understood how quickly electricity demand is accelerating, these must-own nuclear stocks would already be priced for the next decade. 

But it doesn’t… at least not yet! 

And that gap between perception and reality is where our opportunity lies… let me show you firsthand right here.