Nuclear energy stocks have suffered heavy losses over the past year, even as technology companies commit billions of dollars to securing nuclear electricity for AI data centers. The Global X Uranium ETF (URA) has lost more than 20% over the past 12 months, compared with gains exceeding 40% for the Energy Select Sector SPDR Fund (XLE). Investors have grown increasingly concerned about valuations, financing requirements and the long development timelines for companies that don't yet generate any meaningful commercial revenues. The market has been brutal with nuclear companies that are still years away from making real money. NuScale Power Corp. (NYSE: SMR) has lost about 82% of its value over the past year, Oklo Inc.
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