Wall Street Unplugged - What's Really Moving These Markets The AI energy crisis is here
Oct 8, 2025
Amir Adnani, CEO of Uranium Energy Corp, shares his extensive knowledge of uranium and nuclear fuel markets. He discusses the growing bipartisan support for nuclear energy and its implications for investment. Challenges like conversion bottlenecks and broadening supply demands for tech industries are highlighted. Adnani also outlines UEC's strategic moves to expand into refining and conversion, emphasizing partnerships with small modular reactor developers. It's a compelling look at how nuclear energy will shape the future amidst an energy crisis.
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Agentic AI Will Drive Massive Power Demand
- Agentic AI will require far more compute power than current LLMs and drives an energy shortfall.
- Frank argues we are only in the first inning of demand that will drastically increase electricity needs.
Forecasts Underestimate Required Gigawatts
- Independent forecasts (RAND) predict hundreds of gigawatts needed for AI, far above many estimates.
- Frank warns planners are significantly underestimating required new generation capacity and timelines.
Plan For Multi-Year Build Timelines
- Expect long lead times: building multi-gigawatt plants takes three to five years, and SMRs longer.
- Prioritize investments in technologies and companies that can supply baseload or portable power quickly.