Uranium
Yellowcake uranium.
  • AI stocks have hogged the limelight, but another asset cluster has enjoyed a similar boom.
  • Uranium and shares in companies that mine it have enjoyed a scorching rally on soaring demand.
  • Nuclear energy is back in fashion as more reactors are planned amid a shift away from fossil fuels.

While artificial intelligence hogs all the limelight in the investing world, another under-the-radar asset cluster has been quietly stealing a march on tech stocks.

A blistering bull run is underway in the market for uranium, the radioactive element used to produce nuclear energy. Prices just hit 15-year highs, and are on track for a record annual gain as a move away from fossil fuels increases demand.