A cohort of nuclear stocks saw significant gains by the end of the trading session on Friday after President Donald Trump signed executive orders to fast-track American reactor deployment. The pivotal move comes as energy demand from artificial intelligence data centres and technologies is soaring.
The new orders direct the nation’s Nuclear Regulatory Commission to scrap cumbersome regulations and speed up the permitting process for new power units and plants.
Nano Nuclear Energy Inc (NASDAQ: NNE) was up by over 30 per cent by the end of the day on Friday. Meanwhile, Uranium Energy Corp. (NYSEAMERICAN: UEC) (FRA: U6Z) and Energy Fuels Inc (TSE: EFR) (NYSEAMERICAN: UUUU) (FRA: V051) saw gains ranging between 19-25 per cent and Canadian uranium miner Cameco Corp (TSE: CCO) (NYSE: CCJ) (FRA: CJ6) observed a 10 per cent spike.
Furthermore, the Global X Uranium ETFÂ (NYSEARCA: URA) saw unprecedented trading volume during market hours at approximately 13.7 million shares. The exchange traded nuclear fund was up by over 11 per cent at 4:00 pm eastern time.
NuScale Power Corporation (NYSE: SMR) and Oklo Inc (NYSE: OKLO) also ascended to heights observed by Uranium Energy and Energy fuels.
Three new experimental reactors are set to come online by Jul. 4 as a result of today’s signing.
“This is a huge day for the nuclear industry,” said Doug Burgum, U.S. Secretary of the Interior. “This is going to turn the clock back on over 50 years of overregulation.”
🚨 Major news in the energy + #uranium🔋sector!
President Trump has signed executive orders to fast-track nuclear power development in the U.S.
This could be a game-changer for our energy future. Let's dive into what this means 🧵⚡ The orders aim to reduce nuclear reactor… pic.twitter.com/hXXqY7WGBW
— Rebecca Kerswell (@rebeccakerswell) May 23, 2025
Read more: Nova Scotia adds uranium to its call for critical minerals
Nuclear emerges as solution for AI energy demands
Powering the massive “Stargate” artificial intelligence project proposed at the White House in January will only be possible with a vast amount of electricity. Nuclear is the only means of power generation capable of meeting this initiative’s demand and supplying energy to major companies in Silicon Valley and elsewhere.
“Nuclear is a 24/7 resource. These datacenters run 24/7,” Constellation Energy Corp (NASDAQ: CEG) (FRA: E7S) CEO, Joseph Dominguez, just said in a release from Capitol Hill. “Some of them will cost 2 to 300 billion, and they want to run them all the time so we can’t use intermittent resources.”
Trump described the current nuclear climate in the U.S. as “hot” and said that it was a brilliant industry. “It has become very safe,” the American leader stated at his desk. “Safe and clean — it’s time for nuclear.”
Atomic power currently provides about 19 per cent of American electricity. The only major accident in the country’s history occurred in 1979 at the Three Mile Island nuclear plant in Pennsylvania.
“The Trump Administration continues to go all in on AI which will significantly increase the need for computing power expected to skyrocket over the next 5-10 years which takes up a tremendous amount of energy,” said Wedbush Securities analyst, Dan Ives, on Friday morning before the president’s pen touched the orders.
Read more: NuScale Power jumps 20% as revenue beats analysts projections
Follow Rowan Dunne on LinkedIn
rowan@mugglehead.com
