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We’ve all grown accustomed to the positivity surrounding the artificial intelligence frenzy.

Of course, beloved Nvidia has been leading the charge, and several other large-cap technology companies are also set to benefit.

But for those looking for another angle, energy stocks with nuclear and uranium exposure, such as Cameco (CCJ - Free Report) and Vistra (VST - Free Report) , should be considered, given the vast amount of energy used within data centers. Let’s take a closer look at each.

Vistra
 

With an innovative, customer-centric approach, Vistra operates a reliable and efficient power generation fleet that includes natural gas, nuclear, coal, solar, and battery energy storage facilities. Shares have been scorching hot in 2024, gaining nearly 45% and seeing bullish action thanks to the AI frenzy.
 

Image Source: Zacks Investment Research

Cameco
 

With assets on three continents, Cameco is one of the world's largest uranium producers, positioning it nicely to reap the growing demand for nuclear energy. CCJ shares have similarly been red-hot in 2025 so far, gaining more than 64%.
 

Image Source: Zacks Investment Research
 

Tim Gitzel gave a rosy outlook for the company following its latest set of quarterly results, stating, ‘“The solid second quarter and first-half financial performance across our uranium, fuel services, and Westinghouse segments demonstrates the resilience of our strategy and the constructive outlook for nuclear power, significantly improving our overall 2025 expectations.”

Bottom Line
 

The artificial intelligence theme is undoubtedly here to stay for some time, with many different angles to play the frenzy.

And notably, the energy consumption side of the trade has gotten heavy attention, with both stocks above – Cameco and Vistra – seeing their shares move higher in 2025.

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