Nuclear energy is gaining renewed attention as global energy demands shift, particularly with the rise of artificial intelligence and recent disruptions in fossil fuel markets. The World Nuclear Association reports 75 nuclear reactors currently under construction worldwide, with China leading the charge. The U.S. aims to triple its nuclear output by mid-century, signaling a robust future for the sector.

Two standout companies poised to benefit from this nuclear renaissance are Cameco and BWX Technologies. Cameco (NYSE: CCJ), the world’s second-largest uranium producer, is capitalizing on increasing demand with a diverse portfolio, including ownership of advanced reactor technology through Westinghouse. The company reported a remarkable 246% EPS growth in 2025, reflecting its strong market position and healthy financials. Meanwhile, BWX Technologies (NYSE: BWXT) is leveraging its extensive experience in naval nuclear propulsion to develop small modular reactors (SMRs), which could meet the energy needs of AI data centers.

For market professionals, investing in Cameco and BWX presents a compelling opportunity as the nuclear sector expands, driven by technological advancements and escalating energy demands.

Source: fool.com