2024-03-18 06:39:56 ET
Summary
- The Global X Uranium ETF has seen a decline in its share price, presenting a buying opportunity.
- I back this bullish thesis by the increasing energy consumption from Nvidia's AI-enabling GPUs and Bitcoin mining, which in turn supports the demand for uranium.
- Also, nuclear power is a necessary energy source during the transition to clean energy, making URA a valuable investment.
- At the same time, it is important to elaborate on both safety-related risks and potential election-induced volatility.
- Still economic realities and a more uncertain world where supply chain disruptions are occurring more frequently, nuclear energy has become synonymous with a stable energy source with relatively lower carbon emissions.
The Global X Uranium ETF ( URA ) includes stocks that provide exposure to the uranium value chain. Its share price has retrenched from $32.2 and is trading around $27.9 as charted below....
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URA ETF: Profit From AI And Bitcoin Through Uranium