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Cameco CEO says AI is not the core rationale for nuclear investment

The Motley Fool +1 · ·by G4L

CCJ Cameco Corp
$70.73 -1.46%
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  1. 1Cameco CEO Tim Gitzel said that while AI and data centers can provide meaningful upside, they are not the foundation of the nuclear investment thesis.
  2. 2Goldman Sachs projected that global data center power demand will grow by 170% between 2025 and 2030.
  3. 3GE Vernova CEO Scott Strazik stated in a recent third-quarter earnings call that data center owners account for 20% of GE Vernova's business customers.

So what's the key point?

The head of Cameco said that AI is not the most important reason for investing in nuclear power. Related companies are gaining attention as data center power demand is expected to increase by 170%.

Source The Motley Fool +1 · View original ↗

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