Why Uranium Energy Corp. Rallied This Week

Shares of Uranium miner and processor Uranium Energy Corp. (NYSEMKT: UEC) rallied 13.6% this week through Thursday at 1 p.m. ET, according to data from S&P Global Market Intelligence. Due to the surging demand for electricity, especially for new artificial intelligence data centers, nuclear energy has been a hot topic again. Last Friday, Russia made a statement on Telegram that it would be limiting exports of enriched uranium to the United States.