8 Stocks Poised to Benefit from AI Power Demand

Today’s issue in preview:

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

• This specialty energy industry is exploding in value right now

• Steelmaking and shipping stock flash bullish economic signals

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

Credit: HT Ganzo

After suffering an Epic Fury-induced correction, the uranium miner theme is recovering and is close to resuming its long-term bull market. Is it in your portfolio?

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 315%, and Uranium Energy is up 211%. 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 already spent more than a trillion dollars on AI data centers, AI chips, and other infrastructure components. 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 U.S. spending 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.

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. Both have rallied off Epic Fury-induced correction lows in March and are close to breaking out to new all-time highs.

Upside breakouts for these two funds would likely be bullish for Solstice Advanced Materials (SOLS).

Solstice is a $12 billion market cap chemical production and processing company. It holds leading positions in the production of refrigerants, solvents, and semiconductor materials. It was spun off from industrial giant Honeywell (HON) in 2025.

In addition to operating a profitable chemicals business, Solstice is the only company in America that provides “uranium hexafluoride (UF6) conversion” services. 

Every pound of mined uranium ore must be converted to uranium hexafluoride before it can be enriched into usable nuclear power plant fuel. Think of UF6 conversion like processing crude oil to create gasoline that powers your car.

There are foreign firms that provide UF6 conversion services, but the supply chain is constrained. In a world where nuclear power enjoys a long-term renaissance and the U.S. government backs domestic supply chains, Solstice stands to enjoy pricing power and strong volumes for a long time. The stock has appreciated 68% since going public in 2025 and is poised to break out to a new all-time high.

Driven by soaring AI data center demand, the nuclear power industry is set to enjoy strong demand for many years. Owning uranium miners and key service providers, such as Solstice, is a good way to benefit.

This specialty energy industry is exploding in value right now

Credit: nielubieklonu

This week, the stock prices of ProPetro Holdings (PUMP), Helmerich & Payne (HP), Noble Corp (NE), SLB (SLB), Tidewater (TDW), Patterson-UTI Energy (PTEN), and Kodiak Gas Services (KGS) reached new one-year highs.

This means our Sept. 29, 2025, recommendation to own oil stocks is a gigantic winner… and that it’s a bull market in the business of drilling for oil.

The above companies are major players in the “oil services” industry. They are not the “supergiant” oil companies like ExxonMobil (XOM) and Chevron (CVX) that you see at gas stations, but they play a critical role in the global economy. They provide equipment such as drill pipe, fittings, and pumps. They provide services including land-based drilling and offshore drilling. By making it so we can extract oil and get it to refineries, the literally power the world.

Back in September, I highlighted the emerging leadership of oil and gas stocks and stated it’s time to be long this sector.

The bull case for oil stocks I made at the time – and forget about Iran for a second – was simple: If the global economy is growing, oil demand will remain solid. However, importantly, U.S. shale oil production growth appears to be peaking. This would remove a critical and reliable source of production growth that has been in place for over a decade. Plus, oil is very cheap relative to gold and other assets, indicating good value in oil.

Just after my note, oil stocks started running higher and enjoyed a strong fourth quarter. Soon after that, they ran even higher in anticipation of Operation Epic Fury’s constriction of Middle Eastern oil and gas flows. They’ve continued to stay strong… to the tune of the S&P Oil & Gas Equipment & Services ETF (XES), climbing a massive 73% in under seven months.

If the U.S., Israel and Iran can reach a peaceful conclusion to the war soon, the oil services sector would likely suffer a short-term correction. However, the Iran War should have long-term ripple effects that benefit the sector.

As I’ve covered over the past few weeks, for many countries and businesses, Epic Fury is a brutal reminder: If your survival or smooth operation depends on uninterrupted resource flows from the Middle East, you are in a dangerous, vulnerable position.

No politician, CEO, or major shareholder wants their business to be in that position. No citizen wants their country to be in that position. Many powerful and influential people are realizing this is a big risk that must be mitigated if humanly possible. Executives and politicians will get fired for not addressing it effectively.

This means building and buying as many forms of “not Middle Eastern” resource supply chains as possible economically… like those from safe, resource-rich Canada and Brazil. It means lots of oil exploration off the shores of South America, Africa, Mexico, and eventually the Arctic shelf. It means buying U.S. natural gas in huge volumes. It means securing coal reserves.

The world already was in a scramble for safe and reliable sources of electric power and fossil fuels before Epic Fury. The conflict and its ripple effects are adding – pardon the pun – fuel to the fire. This means it’s a good idea to stay long all kinds of power and fuel production industries.

Market Notes

• Steelmaking giants Nucor (NUE) and Posco (PKX) reached new one-year highs today. Since steel is a critical ingredient of infrastructure, this is a bullish economic signal.

• The SonicShares Global Shipping ETF (BOAT) is near an all-time high, and individual shipping stocks are hitting highs today. Torm (TRMD), BW LPG (BWLP), and Ardmore Shipping (ASC) all hit new highs today.

• Fitness center giant Planet Fitness (PLNT) reached a new one-year low today.

• Medical device giant Boston Scientific (BSX) reached a new one-year low today.

• Electric vehicle Lucid Group (LCID) reached a new one-year low today.

Regards,

Brian Hunt
Editor, Money & Megatrends

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