Soaring AI power demand is poised to send this sector higher. Do you own it?

Today’s issue in preview:

• Soaring AI power demand is poised to send this sector higher. Do you own it?

• The more AI data centers they build, the more these stocks go up

• We nailed the red-hot space trade: The satellite subsector has become a juggernaut

• Our recommendation to stay long AI infrastructure continues to pay off. Did you act and profit?

Soaring AI power demand is poised to send this sector higher. Do you own it?

Credit: HT Ganzo

After suffering an Epic Fury-induced correction, the uranium miner theme is recovering and poised to reach new highs. Are you on board?

Regular readers know the Nuclear Renaissance is one of our highest conviction megatrend trades.

In 2022, I sent a bullish note to colleagues, highlighting the emerging uptrend in uranium miners such as Cameco (CCJ) and Uranium Energy (UEC).

Since my original call, uranium miners have generated massive returns. Cameco is up 373%, and Uranium Energy is up 231%. This big trend will likely continue.

Regular readers know one of the largest and most profitable facets of the AI megatrend is power consumption. Thanks to AI’s enormous promise, giants like Google (GOOG), Meta (META), Microsoft (MSFT), and OpenAI are conducting the largest collective investment effort in history. They’ve spent more than a trillion dollars on AI data centers, AI chips, and other infrastructure components already. They are on pace to spend over $650 billion in 2026… with more than $3 trillion to follow.

All that AI infrastructure is poised to consume colossal amounts of electricity. Goldman Sachs forecasts global data center power demand will surge 220% by 2030 compared to 2023 levels. U.S. data centers already account for 7% of U.S. electric power consumption, a figure that is expected to rise significantly.

Given this outlook, AI companies and their power providers are spending heavily to expand nuclear power capacity. Nuclear provides “always on” carbon-free baseload power. Bloomberg reports that surging nuclear demand will drive $350 billion in spending in the U.S. by 2050.

This “Nuclear Renaissance” theme depends on uranium as fuel. Demand for uranium is soaring, but supplies are constrained right now and will be for years to come. As we’ve covered with copper mines, AI cannot code a uranium mine into existence.

You can get long on this theme in several ways. In the past, I’ve mentioned nuclear power equipment and service companies such as BWX Technologies (BWXT), Mirion Technologies (MIR), and Centrus (LEU).

You can also take the “one click, and you’re done” route with a uranium miner fund such as the Global X Uranium ETF (URA) or the Sprott Uranium Miners ETF (URNM). Both funds own diversified baskets of uranium miners, and both hold large positions in blue-chip Cameco.

As you can see in the URA chart below, uranium miners suffered a sharp selloff during the height of Operation Epic Fury. However, the fund has rallied 22% off its lows and is poised to reach new highs. Given nuclear energy’s bullish demand outlook, I’m confident those new highs will arrive soon.

The more AI data centers they build, the more these stocks go up

Credit: igorbondarenko

All the electric power generation in the world isn’t worth much if you can’t get it to consumers. That’s why our October 7, 2025 recommendation to invest in the Power Grid Upgrade theme is a big winner.

It’s why Monolithic Power Systems (MPWR), Powell Industries (POWL), GE Vernova (GEV), MYR Group (MYRG), Quanta Services (PWR), and the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) are all trading at or very close to new one-year highs.

The research note above highlights how big tech’s gigantic AI infrastructure investments are consuming soaring amounts of electric power. This consumption is certain to grow substantially over the next decade.

This is producing a big investment opportunity not just in electric power generation (see above) … but in electric power transmission as well.

The U.S. power grid is often called the world’s largest machine. It’s a giant network of power stations, transmission lines, substations, and underground wires. Most people barely know it’s there or how it works, but without this big machine, your lights don’t turn on, there’s no Netflix, and your iPhone doesn’t charge.

Industry experts say the power grid is aging and creaking under the strain of increased electricity demand. The American Society of Civil Engineers (ASCE) gave the energy sector a D+ in its 2025 Infrastructure Report Card, citing concerns about rising energy demand, aging infrastructure, and a lack of transmission capacity.

Soaring electricity demand… a grid badly in need of an upgrade… the global race for AI supremacy… and trillions of dollars of economic output on the line…

This is a recipe for a bull market in companies that build, repair, and upgrade our power grid.

The companies and ETF listed above are all direct beneficiaries of the Power Grid Upgrade boom that we have highlighted in past issues. Power grid equipment and systems maker Monolithic is up 58% since our original note. Electric grid builder Quanta Services is up 41% since our original note. GRID is up 20.8% since our note (an annualized pace of 39.5%).

Big business and technology trends that change the world tend to play out over years, not months. The Power Grid Upgrade is one such trend. Money & Megatrends is still bullish.

We nailed the red-hot space trade: The satellite subsector has become a juggernaut

Credit: enot-poloskun

Yesterday, leading satellite surveillance firm BlackSky Technologies (BKSY) climbed 17.9% to reach a new one-year high. Fellow satellite firms Iridium Communications (IRDM), Satellogic (SATL), and Sidus Space (SIDU) reached new one-year highs as well.

In other words, the space industry theme is alive and well… and generating winners.

On September 22, 2025, I wrote a bullish piece on space stocks and said it’s a sector that the “public could go wild for.” I stated the bull case like this:

When people think of investing in space, they often go towards the business of launching rockets and Elon Musk’s SpaceX. But many of the most promising “space stocks” are in the business of space-based communication platforms and equipment. Think government surveillance, military communication, GPS, internet service, and cell service.

The best big picture fundamental case for space stocks right now is that the Trump administration believes America is in a hugely important competition with China and other countries for “space dominance.” This means regulatory and financial support for the U.S. space industry.

… Top performing individual space names worth checking out include Rocket Lab (RKLB), BlackSky (BKSY), Planet Labs PBC (PL), and AST SpaceMobile (ASTS).

Since that piece, many space stocks have generated giant returns. Rocket Lab is up 73%. BlackSky is up 85%. Planet Labs is up 259%. AST SpaceMobile is up 101%.

This strong investment theme is getting even stronger thanks to massive interest in SpaceX’s upcoming IPO, which is expected soon. There’s speculation that SpaceX could go public at a $2 trillion valuation. This IPO would rank among the biggest and most “PR generating” transactions in Wall Street history. It would also inject a lot of money and investor interest into the space industry.

Space stocks also have a “defense spending” kicker driving them higher. As I’ve highlighted many times, global defense spending is soaring and driving many defense-related uptrends.

As warfighting becomes increasingly high-tech, soldiers are utilizing space-based assets more and more. This means more satellites in the heavens… which means more rocket launches are needed to get them there. It means more specialized communication systems to shuffle data, audio, and video back and forth.

As you can see from the chart of the Procure Space ETF (UFO), the market agrees with the bull case for space. Driven by strength in the booming satellite surveillance and communication subsector we covered in September, this fund is up 160% over the past year and just reached a new high.

Investment in the space-based businesses is set to boom for more than a decade… so expect well-positioned stocks to continue generating big returns.

Market Notes

• Our recommendation to ignore the AI bears and stay long the AI boom continues to pay off. Leading computer memory players Western Digital (WDC) and Seagate Technology Holdings (STX) reached new all-time highs again while optics leaders Lumentum (LITE) and Applied Optoelectronics (AAOI) also hit new highs.

• The AI infrastructure boom sent the market value of data center operator Equinix (EQIX) to a new one-year high today. It’s also up 42% YTD.

• High-horsepower engine maker Cummins (CMI) reached a new all-time high today. This is one of the most bullish pieces of economic news you’re not hearing about.

• Our recommendation to invest in the robotics boom is paying off. Semiconductor testing and robotics leader Teradyne (TER) reached a new one-year high today. The stock is up 432% over the past year.

• Shopping center giants Regency Centers (REG) and Kimco Realty (KIM) reached new one-year highs today. The American consumer is alive and well.

Regards,

Brian Hunt
Editor, Money & Megatrends

An urgent message from our colleagues:

Navellier Warns: This Could Leapfrog Elon’s SpaceX IPO

Elon Musk could take SpaceX public in 2026, at an estimated $1.75 trillion valuation. The IPO would include Elon’s AI model, Grok. But according to Louis Navellier, a radical new AI model will launch this year… over 1,000 times more powerful than Elon’s. And the company behind it could outperform SpaceX in the process.

Click here for full details (including Louis’ new pick – free).