Recall, following the news of the Three Mile Island nuclear plant restart near Harrisburg, Pennsylvania, and the Biden administration supplying a $1.5 billion loan to resurrect Holtec's Palisades nuclear plant in Michigan, along with Amazon, Microsoft, and Google all jumping on the nuclear trade via the "next AI trade," the atomic era continued gaining steam last week with news that another dormant nuclear plant, this time in Iowa, is slated for a possible restart.

On a Wednesday earnings call, NextEra Energy CEO John Ketchum told investors that the company may restart the shuttered 600-megawatt Duane Arnold Energy Center (DAEC), Iowa's only nuclear power plant. It's located on the west bank of the Cedar River, about eight miles northwest of Cedar Rapids.