Nuclear stocks rally after landmark US-Saudi deal and AI energy program

Nuclear energy stocks bounced back from recent lows after the United States and Saudi Arabia announced a cooperation agreement on civilian nuclear power, widely described as one of the most consequential deals of its kind in years. Simultaneously, the U.S. government unveiled a program to supply AI data centers with reliable, low-carbon electricity, with nuclear generation playing a central role. Analysts note that nuclear plants are particularly well-suited to providing the round-the-clock baseload power that large AI facilities require. With energy prices surging due to the Middle East conflict, interest in stable domestic power sources has grown considerably. Industry observers believe the sector has entered a long-term re-expansion phase driven by both geopolitical and technological tailwinds.