3 Stocks Poised to Benefit as Big Tech Leans on Nuclear to Power AI Ambitions

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Alphabet Inc Class A,Amazon.Com Inc,Xcel Energy Inc

Stocks Analysis by Investing.com (Alessandro Bergonzi) covering: Microsoft Corporation, Alphabet Inc Class A, Amazon.com Inc, Xcel Energy Inc. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com

Major tech companies are tapping into nuclear power to run data centers, sparking a new trend in the energy sector.

With the U.S. and China vying for dominance in AI, the demand for reliable power sources like nuclear will only accelerate. As AI’s energy needs soar, these companies stand to benefit from the renewed focus on nuclear power, making them ones to watch in the coming years.Based in Minneapolis, the utility giant has a market cap exceeding $35 billion and aims to achieve 100% carbon-free electricity by 2050.This ambitious goal will drive its reliance on nuclear energy, making it a key beneficiary of the shift toward clean power.

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