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stock head.com.au
News 12 minutes ago .
4.6.2025
Back home, it’s uranium stealing the spotlight this morning, thanks to a surprise power move from Meta.The tech behemoth behind Facebook and Instagram has inked a 20-year deal to source nuclear power from an Illinois plant to fuel its ravenous AI data centres.
That has lit a fuse under Aussie uranium stocks, pushing the energy sector higher today...
Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook's parent company.
The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant.
The agreement announced Tuesday is just the latest in a string of tech-nuclear partnerships as the use of AI expands. Financial details of the agreement were not disclosed.
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