URNM - BetaShares Global Uranium ETF

[Tyre Kicker]

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.

 

[Garpal Gumnut]

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.

China has a larger number of intelligent people than the USA, that is the main reason.

gg

 

[Tyre Kicker]

Mmm, the Chinese couldn’t manufacture an effective Covid vaccine.

I’m finding this tech advanced hard to believe.

20 fold cheaper than ChatGPT?

 

[qldfrog]

Mmm, the Chinese couldn’t manufacture an effective Covid vaccine.

I’m finding this tech advanced hard to believe.

20 fold cheaper than ChatGPT?

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

 

[qldfrog]

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

Ps why in the urnm thread?

 

[finicky]

why in the urnm thread?

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."

 

[qldfrog]

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."

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]

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 ...

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

 

[finicky]

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.

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 cluster of announcements sent a uranium benchmark like the Global X Uranium ETF up 15% between 10-21 October 2024.

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

 

[houtman]

I thought about deleting my Uranium watchlist after seeing the sea of red on Nvidia Monday.

Maybe that was the bottom.

The search for smaller, cleaner reactors has accelerated and will be good for the sector.

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.