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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Under pressure from the threat of Trump's trade war? Canada is considering imposing tariffs on Uranium, oil, and potash as retaliation.
Canada is the largest external source of oil supply for the USA and also the largest external source of Uranium for USA nuclear power plants. The potash produced in the western provinces of Canada is an important source of fertilizer for USA farms. The media reports that imposing export taxes on these Commodities is Canada's most desperate choice, and Canada is more likely to impose retaliatory tariffs on imported USA-manufactured goods, as well as implement export controls on certain Canadian products.
Canada is considering imposing export taxes on Commodities such as Uranium to respond to the trade war initiated by Trump.
① Canada is researching imposing taxes on exports to the USA in response to Trump's potential trade war, including Uranium, oil, and potash; ② The Canadian government may first implement retaliatory tariffs and export controls, reserving taxation as a last resort; ③ If the USA exempts only Energy products, this situation may also prompt Canada to impose export taxes.
AI is driving up the demand for Electrical Utilities! According to Morgan Stanley, the market has underestimated niche areas such as Fuel Cell Energy and Bitcoin mining sites.
Morgan Stanley believes that the reutilization of Fuel Cell Energy and Bitcoin mining sites will provide new Energy solutions for Datacenters. Technologies for Electrical Utilities transmission and grid enhancement are crucial for the efficient and safe electricity use of Datacenters, and it is recommended to pay attention to power generation facilities such as Nuclear Power located near Datacenters. Legislative proposals in Texas may promote the construction of Henry Hub Natural Gas power plants, and the new Trump administration will take measures to support the growth of AI infrastructure.
HC Wainwright & Co. Reiterates Buy on Energy Fuels, Maintains $11 Price Target
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Iran Has Stated That "Henceforth" It Intends To Feed Uranium Enriched Up To 20% Rather Than The Current 5% Into The Two Interconnected IR-6 Centrifuge Cascades At Fordow, Enriching To Up To 60% Purity
Uranium Energy GAAP EPS of -$0.05, Revenue of $17.08M
s&p 500 is expected to reach 7000 points! Optimistic sentiment spreads on Wall Street, these industries may become the new hotspots!
From the recent us stock market trend, the three major "frontier technology" sectors are performing extremely strong, which are quantum computing, space satellite, and nuclear power concept stocks.
Watching Shares Of Energy Fuels; Traders Circulate Co. Mentioned As Zack's Alternate Energy Innovations Pick
SA Sentiment: Nuclear Wins as the Best Alternative Energy Source
"Power-hungry" AI: The electricity consumption of a single datacenter "exceeds that of a city, or even a state."
Analysts say that in the short term, it is difficult for AI datacenters to rely solely on wind power, so they are forced to use henry hub natural gas. But what is even worse than the shortage of electrical utilities is that the scale of datacenters has already reached the "limit of existing infrastructure".
Another main theme of AI investment emerges: US hedge funds heavily buy nuclear power stocks as technology giants gather to deploy this technology.
①In Q3, American hedge funds maintained a stable exposure to AI-related investment themes, but reduced their investment in the semiconductor industry for the first time since Q2 2022. ②In OpenAI's latest disclosed "American AI Infrastructure Blueprint," lies its grand nuclear power vision; Huang Renxun also expresses a bullish attitude towards nuclear energy. ③From the trends of tech giants, most of them have chosen small modular reactors (SMR).
Iran Agrees To Stop Producing Near Bomb-Grade Uranium; IAEA Reports Iran's Enriched Uranium Stockpile Grows to 6,604.4 KG; Discusses Stopping Further Expansion of 60% Enrichment Beyond 185 KG Amid Conditional Agreement on Additional IAEA Inspectors
Morgan Stanley: It is time to be bullish on uranium prices.
Morgan Stanley stated that the decline in mining output has reduced global uranium supply. Additionally, Russia has issued a ban on the export of enriched uranium to the usa, and if the eu is also included in the ban, it may exacerbate the tightness of global uranium supply.
Russia's 'uranium restrictions', nuclear power stocks surge, hedge fund king Griffin provides assistance: I have invested in nuclear power, this is the future
Russia's restriction on the export of concentrated uranium to the usa may pose supply risks to the utilities operating american reactors, which supply nearly one-fifth of the usa's electrical utilities. Last month, Griffin participated in a $0.5 billion financing for the small modular reactor (SMR) developer X-Energy, led by amazon.
Uranium Prices Rise After Russia Temporarily Limits Supplies to U.S.