Source: Wall Street See

This Monday, as nuclear power stocks surged, the leader of the new hedge fund king Citadel received additional support.

Ken Griffin, founder and CEO of Citadel, who surpassed Bridgewater to become the "hedge fund king" in 2022, said, "I have invested in nuclear power, this is the future (of the AI era)." He also stated his opposition to the climate change disclosure requirements proposed by the SEC.

Notably, last month, Griffin invested in a $0.5 billion funding round for small modular reactor (SMR) developer X-Energy, which was led by$Amazon (AMZN.US)$the Climate Commitment Fund.

Also last month, amazon and $Alphabet-A (GOOGL.US)$ / $Alphabet-C (GOOG.US)$ A milestone electrical utilities supply agreement has been reached, promoting the deployment of the first SMR in the usa. As a result, several us energy stocks related to nuclear energy surged significantly, reaching historic highs. Wall Street Journal mentioned at that time that ai was driving the "nuclear power revival." Due to the huge demand for electrical utilities from datacenters, the nuclear energy industry, which has experienced a long period of stagnation lasting over a decade, seems to be gradually moving towards revival.

On the day Griffin spoke, November 18th, this Monday, nuclear power concept stocks/uranium concept stocks rose broadly. Paladin Energy, listed in Sydney, Australia, rose by 5.49%, Deep Yellow rose by 7.02%, rebounding from the lowest closing price since September 18th, and BOSS Energy rose by 7.34%, also rebounding from the lowest closing price since September; Bannerman rose by 5.26%, moving away from the lowest closing price since September.

After the us stock market opened, nuclear power and uranium stocks continued to rise. OpenAI CEO Sam Altman invested in $Oklo Inc (OKLO.US)$ At one point during the lunch break, it rose by 23%, closing up nearly 15%; $NuScale Power (SMR.US)$ Increased by over 18%. $Centrus Energy (LEU.US)$ Increased by over 8%;$Vistra Energy (VST.US)$ Previously increased by over 7%, closed up by over 3%.

The rise of nuclear power and uranium stocks this Monday is mainly due to Russia's announcement last Friday to temporarily restrict the export of enriched uranium to the usa.

Commentary suggests that this move targets a particularly vulnerable link in the usa's nuclear fuel cycle. Russia controls nearly half of the global capacity for uranium isotope separation required for reactors and supplied over a quarter of the usa's enriched uranium last year. Russia's restriction on enriched uranium exports may pose supply risks to the public utility companies operating usa reactors, which generate nearly one-fifth of the usa's electrical utilities.

The statement released by the Russian government last Friday on social media Telegram did not provide details on the restrictions and their duration. Russia stated that the export restrictions are a response to the usa's ban on the import of Russian enriched uranium. In May of this year, Biden signed legislation prohibiting imports, but under the exemption system, this legislation allows for continued shipment of enriched uranium originating from Russia to usa customers until 2028.

Jonathan Hinze, president of UxC tracking the uranium fuel market, stated that although most of the deliveries have been completed this year, restrictions from Russia may start to take effect next year. This could cause some reactor operators to lose alternative suppliers. Some utility companies that were expecting to receive enriched uranium may now be unable to get it.

Chris Gadomski, chief nuclear analyst at Bloomberg New Energy Finance, stated that the USA does not have enough enriched uranium, "They should have stocked up on enriched uranium in advance to deal with this situation."

There are also analysts who believe that the significant rise of the stock Oklo this Monday is somewhat different. This is because Trump nominated the CEO of a shale oil company, Chris Wright, as the US Energy Secretary last weekend.$Liberty Energy (LBRT.US)$Wright is also a director of Oklo.

Editor / jayden