L0상류

에너지

Generation and fuel feeding the grid that AI datacenters draw on: gas, nuclear, renewables, storage.

수요가 여기까지 오는 이유

대부분의 AI 공급망 지도는 GPU에서 시작한다. 전기가 더 앞이다. 가속기는 전력을 토큰으로 바꾸는 장치이므로, 수요는 모델 학습에서 데이터센터, 전력망, 발전원(가스·원자력·태양광·풍력과 이를 평활하는 저장)까지 거꾸로 올라간다.

병목은 어디인가

발전 용량은 소프트웨어 일정으로 늘릴 수 없다. 신규 공급은 수년이 걸리고, 그래서 계통 접속 대기와 입지가 실리콘보다 먼저 구속 조건이 된다.

공급사 집중도와 납기에 대한 구조 관찰이지, 어떤 증권에 대한 의견이 아닙니다.

이 레이어의 기업

CCJ수혜
Uranium mining and nuclear fuel services — upstream of nuclear generation.
종목 리서치
BWXT수혜
Nuclear components and small modular reactor manufacturing.
종목 리서치
OKLO수혜
Advanced fission reactor developer targeting datacenter power supply.
종목 리서치
XE수혜
Advanced nuclear reactor and fuel developer.
종목 리서치
CEG수혜
Largest US nuclear generation fleet; sells firm power under long-term contracts.
종목 리서치
VST수혜
Independent power producer with nuclear and gas generation.
종목 리서치
TLN수혜
Independent power producer with nuclear generation.
종목 리서치
NRG수혜
Independent power producer and retail electricity provider.
종목 리서치
LEU수혜
Uranium enrichment and nuclear fuel supply.
종목 리서치
SMR수혜
Small modular reactor developer.
종목 리서치

이들 증권을 인용한 공개 13F

리서치 참고용이며 추천이 아닙니다. SEC에 보관된 사실입니다. 증권을 이 레이어에 넣은 분류는 저희 것이며, 신고인은 그런 주장을 하지 않았습니다.

ARK Investment Managementreported a position inBWXT
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Bridgewater Associatesreported a position inBWXT
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Fundstrat Capitalreported a position inBWXT
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-13 · SEC filing
ARK Investment Managementreported a position inCCJ
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Fundstrat Capitalreported a position inCCJ
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-13 · SEC filing
ARK Investment Managementreported a position inOKLO
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Bridgewater Associatesreported a position inOKLO
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
ARK Investment Managementreported a position inXE
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Viking Global Investorsreported a position inXE
Form 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing

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