Constellation Energy, Cameco, and BWXT are nuclear stocks riding AI-driven power demand. Constellation operates 55 GW of capacity after closing the Calpine acquisition on January 7, 2026, and shares closed at $265.12 on August 5, 2026, up 7.83% over the past month but down 24.73% year to date. Q1 2026 revenue hit $11.12 billion, up 63.9% year over year, with adjusted EPS of $2.74. Management reaffirmed 2026 adjusted operating EPS guidance of $11.00 to $12.00. Cameco, the world's largest publicly traded uranium producer, closed at $94.27 on August 5, up 11.47% in the past week and 26.63% over the past year. Uranium spot prices hit $88 per pound, up 34% year over year. BWXT holds an $8.65 billion backlog. Hyperscaler capital expenditure is running at $710 billion combined in 2026, and nuclear generated roughly 73.3 billion kilowatthours in January 2026 at a 100.0% capacity factor. Constellation's forward P/E sits at 22x, with an analyst target of $352.86. Risks include Calpine integration and roughly $17.5 billion in long-term debt.