Why Uranium (URNM) rose 4.14% on August 4, 2026

Uranium (URNM) rose 4.14% on August 4, 2026 — U.S. nuclear push vs China boosts uranium demand.

U.S. policymakers are prioritizing nuclear and geothermal energy as critical tools to close the energy gap with China and fuel AI data-center buildouts, signaling renewed nuclear backing.

A policy tilt toward nuclear increases the credible path to new reactor permitting and funding, raising uranium demand forecasts and improving visibility for fuel supply contracts over the next decade.

Nuclear is re-emerging as a central pillar of the AI Power & Energy supercycle—data centers are power-hungry, and uranium benefits structurally from the combination of decarbonization policy and AI capex intensity.

If the policy push remains rhetorical without concrete permitting, funding, or timelines, the uranium thesis will stall and the trade will fade.