share_log

Options Corner: Play Both Sides Of Uranium Energy With A Long Straddle

Benzinga ·  Dec 20 04:00

On paper, the underlying commodity ofUranium Energy Corp.(NYSE:UEC) appears to enjoy a northbound framework. In particular, the market for generative artificial intelligence may spark a $1 trillion impact on the U.S. economy within the next 10 years. However, AI isn't free in terms of energy consumption, thus adding fundamental relevance to UEC stock.

What's more, according to the World Economic Forum, the present energy consumption of machine intelligence is but a fraction of the broader tech ecosystem's power expenditure. With the deployment of data centers, blockchain mining and other energy-consumptive innovations, the nuclear fuel...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment