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How could the Yank tech gurus get it so wrong??? I find it hard to believe the Chinese have found a way to undercut this tech by 20 fold.
URNM - BetaShares Global Uranium ETF
- Thread starter Dona Ferentes
- Start date
Garpal Gumnut
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China has a larger number of intelligent people than the USA, that is the main reason.
gg
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Mmm, the Chinese couldn’t manufacture an effective Covid vaccine.
I’m finding this tech advanced hard to believe.
20 fold cheaper than ChatGPT?
I’m finding this tech advanced hard to believe.
20 fold cheaper than ChatGPT?
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Cause the west did manufacture an effective vaccine?
I find it quite feasible as:
The pay of the it gurus in china are nearly a 10th of US
While startup people work their ass off in China and in the West, google or meta are not startup anymore.
I have no doubt whatsoever that the IT gurus in the fangs have to go thru their HR training, diversity reeducation, h&s workshop, etc etc and spend a lot of time replying to email chain BS.
So a 2x factor in efficiency easily reachable.
10 times cheaper, twice productivity and 1.5 billions of school educated pool to find the geniuses...
That's it.
India could match but their education system, class idiocy, poorer health and western deficiencies reduce their IQ pool.
So china advance doable, especially if you take a step back and do not try/can not compete by adding bigger tools
To an extreme, look at a WWII jeep, look at a Humvee, yet who had to piss of Afghanistan.
Bigger tools are not always the winners..and i prefer it that way
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Ps why in the urnm thread?Cause the west did manufacture an effective vaccine?
I find it quite feasible as:
The pay of the it gurus in china are nearly a 10th of US
While startup people work their ass off in China and in the West, google or meta are not startup anymore.
I have no doubt whatsoever that the IT gurus in the fangs have to go thru their HR training, diversity reeducation, h&s workshop, etc etc and spend a lot of time replying to email chain BS.
So a 2x factor in efficiency easily reachable.
10 times cheaper, twice productivity and 1.5 billions of school educated pool to find the geniuses...
That's it.
India could match but their education system, class idiocy, poorer health and western deficiencies reduce their IQ pool.
So china advance doable, especially if you take a step back and do not try/can not compete by adding bigger tools
To an extreme, look at a WWII jeep, look at a Humvee, yet who had to piss of Afghanistan.
Bigger tools are not always the winners..and i prefer it that way
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Because of the narrative of a future surge in energy demand to power AI and data centres. U.S Tech companies have been making commitments for supply of electricity from uranium power companies. From Market Matters today:
"Several large US tech companies recently signed long term contracts for the supply of nuclear power to underpin their push into energy intensive AI. However, DeepSeek’s architecture claims to consume 40% less energy per task than traditional models. If true, this could be a game-changer in a world where sustainability targets seemed at odds with the thirst for energy from AI.
Lower energy intensity shown through DeepSeek’s technical release, if true, is a huge win for global energy demand, but not so good for Uranium stocks in the short term."
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True but if pricing is a 10th, expect demand to easily double vs more expensive options and power demand could easily make up...just saying
Anyway, market trends and logic ...
Garpal Gumnut
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Even if the Nvidia panic is justified and we can do AI without large energy supplies the development of SMRs for power will be transformative. The search for smaller, cleaner reactors has accelerated and will be good for the sector.
gg
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Excerpt from Market Index today. Full article @ https://www.marketindex.com.au/news...deepseek-raises-doubts-about-ai-energy-demand
Not Held
" ... DeepSeek's service approximately 95% cheaper for comparable tasks.
Faced with this looming energy crunch, major tech companies made a dramatic pivot toward nuclear power in October 2024, with three industry leaders announcing groundbreaking nuclear initiatives within weeks of each other:
The market is now grappling with concerns about lower energy demand, as an emerging Chinese AI company showcases its ability to achieve results comparable to leading US peers while using a fraction of the computing power .. continues
Not Held
" ... DeepSeek's service approximately 95% cheaper for comparable tasks.
Why Does This Matter?
Power consumption is set to skyrocket as big tech companies pour tens of billions into AI development. According to a November 2024 McKinsey & Co report, power demand for US data centers is projected to reach 606 terawatt-hours by 2030 — a more than 300% increase from 2023 levels. This surge would represent 11.7 percent of total US power demand, creating what McKinsey describes as significant "opportunities for investors to bridge demand gaps, especially via renewable-energy solutions, and to address infrastructure needs."Faced with this looming energy crunch, major tech companies made a dramatic pivot toward nuclear power in October 2024, with three industry leaders announcing groundbreaking nuclear initiatives within weeks of each other:
- Alphabet partnered with Kairos Power to develop small modular reactors (SMRs). This collaboration marks "the world's first corporate agreement to acquire nuclear energy" from SMRs, with the initial reactor expected to come online before 2030.
- Amazon anchored a US$500 million investment round for X-Energy to develop small advanced modular nuclear reactors. The company aims to develop more than 5GW of new power projects across the US by 2039
- Microsoft signed a 20-year power purchase agreement with Constellation Energy to restart Unit 1 reactor at Three Mile Island. This agreement is part of the launch of Crane Clean Energy Centre (CCEC), which seeks to add over 800MW of carbon-free energy to the grid.
The market is now grappling with concerns about lower energy demand, as an emerging Chinese AI company showcases its ability to achieve results comparable to leading US peers while using a fraction of the computing power .. continues
I thought about deleting my Uranium watchlist after seeing the sea of red on Nvidia Monday.
Maybe that was the bottom.
Agree, the only way we will have nuclear in Australia is SMRs, we just don't have the ability to build large imo.
I look forward to it.
Maybe that was the bottom.
Agree, the only way we will have nuclear in Australia is SMRs, we just don't have the ability to build large imo.
I look forward to it.
Sean K
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This has been a major disappointment. I made a motza on uranium stocks in the run up to the peak of the POU, sold them and put a large chunk of the winnings into URNM. At this rate, if I just keep holding I'll have given those winnings back to the house.
Someone tell me this is just a major correction and it'll fly to the moon once the dust settles with Trump, Vlad, Russia supply, enrichment, data centres, Kazatomprom output, etc.
TIA.
Someone tell me this is just a major correction and it'll fly to the moon once the dust settles with Trump, Vlad, Russia supply, enrichment, data centres, Kazatomprom output, etc.
TIA.
Sean K
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Since the above post one month ago, uranium and URNM have started to recover a little. Too early to call a bottom perhaps, and that invariably ends in pain, so I won't be tempted.
Top 10
All
| Name | Weight (%) |
|---|---|
| CAMECO CORP | 15.1 |
| SPROTT PHYSICAL URANIUM TRUST | 13.2 |
| NAC KAZATOMPROM JSC | 12.8 |
| BOSS ENERGY LTD | 5.7 |
| NEXGEN ENERGY LTD | 4.9 |
| ENERGY FUELS INC/CANADA | 4.7 |
| DEEP YELLOW LTD | 4.5 |
| DENISON MINES CORP | 4.4 |
| URANIUM ENERGY CORP | 4.3 |
| PALADIN ENERGY LTD | 4.2 |
Looks like they listened to an extent @peter2
Prefer the current top 10 balance to the May 24 list.
I had hoped to pick up BOE in the low $2's but got greedy and missed out.
Think I'll swap my YAL to URNM, keep it in the energy sector.
Spot price has moved steadily up lately, and depending on which talking head I listen to, buyers are suposedly now chasing sellers.
Sean K
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Feeling a little bit more confident that we have seen a bottom.
Has now broken through 3-4 resistance points - price and 50 dma.
But, it's done it before so.....
Has now broken through 3-4 resistance points - price and 50 dma.
But, it's done it before so.....
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Market Matters view on URNM trade this morning
marketmatters.com.au
Not Held
No plan to buy
"Trade Idea: Long the BetaShares Uranium ETF (URNM) $7.33
The New York Times reported on Friday that U.S. President Donald Trump’s administration is considering several executive orders to expedite the construction of nuclear power plants. By definition, higher demand will create a tailwind for uranium prices and stocks. We believe Trump will pull this lever as he looks to reduce energy prices, one of his big promises on the campaign trail – remember “Drill baby drill”.
I believe the risk/reward towards the URNM ETF at the $7.50 level is attractive for at least a 20-25% bounce.
Trade Idea: Buy BetaShares Uranium ETF (URNM) at $7.50, with a stop loss at $6.80 – a 9% risk."
Market Matters | Leading Australian Stock Market Views And Advice
Get the latest Australian stock market views from top investors with real money in the markets. ASX investment advice and share recommendations. Find out more.
marketmatters.com.au
Not Held
No plan to buy
"Trade Idea: Long the BetaShares Uranium ETF (URNM) $7.33
The New York Times reported on Friday that U.S. President Donald Trump’s administration is considering several executive orders to expedite the construction of nuclear power plants. By definition, higher demand will create a tailwind for uranium prices and stocks. We believe Trump will pull this lever as he looks to reduce energy prices, one of his big promises on the campaign trail – remember “Drill baby drill”.
I believe the risk/reward towards the URNM ETF at the $7.50 level is attractive for at least a 20-25% bounce.
Trade Idea: Buy BetaShares Uranium ETF (URNM) at $7.50, with a stop loss at $6.80 – a 9% risk."
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I'm not a Buyer of ETFs But i think i have to consider it!.....Just had a Look & i'm not far of Agreeing with you finicky in that i see it as a Buy below $7.35 with upside of 20%+Market Matters view on URNM trade this morning
Market Matters | Leading Australian Stock Market Views And Advice
Get the latest Australian stock market views from top investors with real money in the markets. ASX investment advice and share recommendations. Find out more.
Not Held
No plan to buy
"Trade Idea: Long the BetaShares Uranium ETF (URNM) $7.33
The New York Times reported on Friday that U.S. President Donald Trump’s administration is considering several executive orders to expedite the construction of nuclear power plants. By definition, higher demand will create a tailwind for uranium prices and stocks. We believe Trump will pull this lever as he looks to reduce energy prices, one of his big promises on the campaign trail – remember “Drill baby drill”.
I believe the risk/reward towards the URNM ETF at the $7.50 level is attractive for at least a 20-25% bounce.
Trade Idea: Buy BetaShares Uranium ETF (URNM) at $7.50, with a stop loss at $6.80 – a 9% risk."
Not a Believer in Stop losses, but hey each to their own!
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@ShareSuccess - not trading it myself, nor a likely buyer currently. I don't use stop losses either - investor with only the occasional trade to cut a loss, trim overvalued, lower risk, generate a cgt loss, or when I lose faith in a stock.
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Might be of a little interest to URNM holders. While positive on the URNM etf, MM is suggesting there might be more value on offer in ASX listed uranium stocks.
Not Held
Not Buying
Today's morning Market Matters
Betashares Uranium ETF (URNM) $8.68
"The ASX listed Betashares Uranium ETF which holds heavyweights like Cameco (CCJ US) and NAC Kazatomprom (NATKY US) saw it’s US version rally more than 5% overnight, which should be supportive of the ASX listed version today. That said, it’s worth noting that given it’s higher exposure to Cameco (17%), which is trading at all time highs, we believe this particular ETF is more stretched than the ASX Uranium stocks. While we could potentially see some consolidation, we believe it’s a case of when/where to buy the URNM, not where to sell.
We are targeting new highs for the URNM ETF through 2025/6.
MM remains bullish on the uranium URNM ETF"
Not Held
Not Buying
Today's morning Market Matters
Betashares Uranium ETF (URNM) $8.68
"The ASX listed Betashares Uranium ETF which holds heavyweights like Cameco (CCJ US) and NAC Kazatomprom (NATKY US) saw it’s US version rally more than 5% overnight, which should be supportive of the ASX listed version today. That said, it’s worth noting that given it’s higher exposure to Cameco (17%), which is trading at all time highs, we believe this particular ETF is more stretched than the ASX Uranium stocks. While we could potentially see some consolidation, we believe it’s a case of when/where to buy the URNM, not where to sell.
We are targeting new highs for the URNM ETF through 2025/6.
MM remains bullish on the uranium URNM ETF"
Cameco, the largest holding of the URNM ETF put out a good 1/4ly late last week.
With annual production of around 18mlbs they are a few levels up from the majority of the Aussie wannabes.
With annual production of around 18mlbs they are a few levels up from the majority of the Aussie wannabes.
Uranium shares were mostly positive in the US last night, only 1 of the top 10 holdings in URNM was -ve.
UUUU was the standout, up 12% but mainly due to their rare earths news.
Going off my scrappy s/s, looks like another comfortably +ve day for URNM.
ETF's huh, it's like going from open competition to seniors. Rage, rage..
UUUU was the standout, up 12% but mainly due to their rare earths news.
Going off my scrappy s/s, looks like another comfortably +ve day for URNM.
ETF's huh, it's like going from open competition to seniors. Rage, rage..
