In short: The other miner/nuclear ETF he wants to buy — but only "on a little bit more pain"; high-beta uranium equities get hammered harder than the commodity in a market shock.
NUKZ is the broader "all things nuclear" ETF (reactor builders, fuel, infrastructure) he has championed before. Same verdict as URNM this week: the long-term story is intact, but these high-beta stocks get hammered harder than the commodity in a sell-off, so he's waiting to buy the dip rather than chasing here.
45:59It's almost six, but Camo's up 4% still. So the underperformance of the commodity gets me excited right now. And I think I want to buy the URMM or the NUKZ, which is the ETFs that own these companies. I want to buy them on a little bit more pain like we had last April, May of 2025 with the trade war.
In short: His "all things nuclear" pick — up from ~50 to north of 70. If you believe in the AI trade you must believe in nuclear + its infrastructure; the 2028 supply deficit means even an 80% demand haircut leaves it a buy.
NUKZ is a basket of "all things nuclear" — reactor builders, uranium miners and the supporting infrastructure. It has climbed from about 50 to north of 70. His logic: if you believe in the AI boom, you must believe in nuclear power, because data centers need vast, steady electricity. He argues the supply shortfall coming in 2028 is so large that even if AI demand were cut by 80%, the trade still works.
25:17I think it's north of 70 as we sit here today. talk about that trade and it's hard to see that slowing down even I mean obviously if if AI gets hit it'll just get hit but the this is such I mean what these companies in the NUKZ and I'll let you explain have to do relative to what the overall demand is going to be demand could get cut by 80% of what you think is in these things are probably a buy but talk about that a little bit if you would — yeah so so just to address the precious metals and nuclear together in the same
In short: Trimming the nuclear ETF in favor of SRUUF here — though nuclear remains one of his "food groups." (He's broadly positive on the theme.)
NUKZ is a fund covering nuclear-energy companies broadly. He's trimming it here in favor of physical uranium (SRUUF).
That said, nuclear remains one of his core "food groups" — themes he's most committed to. So the trim is a tactical shift toward the commodity, not a loss of faith in the nuclear-power story.
22:19And the contract buyers, right, are starting to The contract buyers in the uranium side, which are the big utilities, they've been kind of dealing from strength for a long time because they've always had excess supply. Now, there just isn't enough uranium for all these data centers. So, the SRUUF we've actually been lightening uh taking down our Cameco and our URNM and our NUKEZ.
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.