Uranium exchange-traded funds (ETFs) jumped on Thursday alongside news of a new deal to expand research into nuclear energy. Idaho National Laboratory has announced a partnership with Nvidia (NVDA) to use artificial intelligence (AI) to research nuclear energy.
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Forget margin or options. Here's how the pros trade NVDAIdaho National Laboratory wants to use AI to develop ways to minimize the cost of developing and building nuclear reactors in the U.S. This is part of the Trump administration’s Genesis Mission, which is focused on utilizing AI to research and find ways to improve the country and solve problems.
John Wagner, Director of Idaho National Laboratory, said, “This partnership represents a transformative approach to one of our nation’s greatest challenges for deploying abundant, reliable nuclear energy at the speed and scale required for our AI-driven future. By leveraging AI to design, license, and operate reactors, we can fundamentally change the timeline for bringing advanced nuclear energy online.”
Uranium ETF Movements Today
Here’s how uranium ETFs moved on Thursday:
- Global X Uranium ETF (URA) was up 0.21% today.
- NorthShore Global Uranium Mining ETF (URNM) rallied 0.48% this afternoon.
- Sprott Junior Uranium Miners ETF (URNJ) saw a 1.82% boost as of this writing.
- VanEck Uranium + Nuclear Energy ETF (NLR) jumped 0.16% today.
Uranium ETF Comparisons
Turning to the TipRanks ETF comparison tool, traders can see which of these uranium ETFs is the best investment. The current favorite among traders is Global X Uranium ETF, with its various benefits. That includes an AUM of $7.18 billion, an expense ratio of 0.69%, a dividend yield of 4.02%, and year-over-year growth of 85.19%.
