The nuclear energy comeback is in full swing this year, and it's all about tackling climate change while keeping the lights on. Back in 2020, nuclear was already the second-largest low-carbon power source, accounting for a whopping 26% of the total. Now, with the help of cutting-edge tech like artificial intelligence (AI), nuclear energy is poised to play an even more crucial role in the fight against climate change.
All of which helps to explain how one unexpected contender has risen to the top of the S&P 500 Index ($SPX) this year. Right behind AI server heavyweight Super Micro Computer (SMCI) - and not too far behind SMCI's favorite customer, Nvidia (NVDA) - it's humble utility stock Constellation Energy Group (CEG) that has emerged as the No. 3 stock on the S&P 500 this year. With its 63% gain in 2024, CEG sails past even Micron Technology (MU), and even clinched the title of February's top gainer among SPX members.
