Tech giants investing in nuclear power for AI data centers face a critical fuel supply bottleneck. Major hyperscalers have committed to multi-gigawatt nuclear capacity but lack secured uranium supply chains, creating conditions for a major market-moving fuel deal within 12 months as companies scramble to secure HALEU and enriched uranium before prices spike.
Big Tech companies have secured multi-GW nuclear capacity deals but haven't locked in fuel supplies, creating a potential uranium market shock. Within 12 months, a hyperscaler is expected to announce a major uranium deal covering mining through enrichment, triggering a competitive stampede among other tech giants and shifting uranium prices before utilities realize they've been front-run.