Stocks in the nuclear energy sector climbed Wednesday morning after President Donald Trump spoke at the 2026 World Economic Forum in Davos, framing nuclear energy as a safe and efficient solution to fuel the growth of manufacturing and AI in the United States.
"We’re very much into the world of nuclear energy,” Trump said in his address to the WEF.
He framed nuclear power as a clean, reliable and powerful alternative to what he described as the “unreliable” wind and solar sectors, which he labeled as expensive and wasteful.
Trump's comments built on recent executive orders streamlining nuclear reactor licensing and fast-tracking small modular reactors (SMRs) with the aim to position the U.S. as an energy superpower.
The Market's Reaction
Pure-play nuclear and uranium stocks saw immediate enthusiasm as investors rallied behind Trump's bullish rhetoric.
SMR Pioneers: Companies like Oklo, Inc. (NYSE:OKLO), Nano Nuclear Energy, Inc. (NASDAQ:NNE) and NuScale Power Corp. (NYSE:SMR) spiked on Trump's support of nuclear power.
Uranium Miners: Producers such as Uranium Energy Corp. (AMEX:UEC) and Cameco Corp. (NYSE:CCJ) surged as the administration moved to solidify a domestic fuel supply chain.
Other stocks in the nuclear space were also moving, including:
- EnCore Energy Corp. (NASDAQ:EU)
- Ur Energy Inc. (AMEX:URG)
- Lightbridge Corp. (NASDAQ:LTBR)
- Nexgen Energy Ltd. (NYSE:NXE)
- Uranium Royalty Corp. (NASDAQ:UROY)
- Terrestrial Energy Inc. (NASDAQ:IMSR)
President Trump touted the strength of the American economy overall while addressing the global audience from Switzerland.
"The USA is the economic engine on the planet," Trump said. "You all follow us down, and you follow us up."
All three major indexes were green on Wednesday, recovering some of Tuesday's losses. The S&P 500, as tracked by the SPDR S&P 500 (NYSE:SPY), was up by 0.32% and the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), was up 0.1%.
Photo: Joey Sussman from Shutterstock
