“The Trump Nuclear Mega-BOOM!” That’s the headline Marc Lichtenfeld is using in The Oxford Club’s Uranium Profit Package, a pitch built around President Trump, artificial intelligence and the suddenly urgent need for more nuclear power.
The promotion promises a basket of uranium, reactor and nuclear-power companies, plus bonus reports tied to natural gas and data centers. Its argument is that AI will strain the grid, governments will turn to nuclear power, and a handful of overlooked stocks could benefit.
We identify the three-stock basket below with high confidence. The headline pick is enCore Energy, although the package’s supporting claims stretch several real facts well past their filings.
The clues they left
The most useful clues are unusually specific: the featured uranium company trades below $5, brought two South Texas production sites online, signed six nuclear-utility contracts and says it has multiple operating extraction facilities in the United States. The other clues point to a company behind the Pentagon’s transportable Project Pele reactor and a nuclear operator with 21 units, roughly 21 gigawatts of capacity and a 20-year Microsoft power agreement.
The same pitch also appears under “AI Energy Crisis,” “The Trump Nuclear Mega-BOOM,” and “Uranium Profit Package.” Those names refer to the same underlying promotion, not separate discoveries.
The stocks behind Trump Nuclear Mega-BOOM
The headline pick is enCore Energy Corp. (NYSE American: EU). Its Form 10-K says the company is focused on extracting domestic uranium to supply fuel for nuclear power generation. More decisively, enCore brought the Rosita and Alta Mesa central processing plants online in South Texas and reported its first uranium-sales revenue, including $58.334 million in 2024. The six-contract clue also lines up: an enCore release filed with the SEC recorded its fifth and sixth U.S. nuclear-utility supply agreements in February 2024.
The rest of the main basket is BWX Technologies (NYSE: BWXT) and Constellation Energy (NASDAQ: CEG). BWXT matches the distinctive Project Pele and Navy-reactor clues: the Department of Defense identifies it as the selected manufacturer for the transportable prototype microreactor, while BWXT says it has delivered more than 400 reactor cores and related products to the Naval Nuclear Propulsion Program. Constellation matches the 21-reactor, 12-site fleet and the Microsoft agreement supporting the restart of Three Mile Island Unit 1, now called the Crane Clean Energy Center.
All three main names are pinned down. The bonus clues point most strongly to Cheniere Energy Partners (CQP) for “America’s Strongest Natural Gas Dividend Company” and Equinix (EQIX) for “The AI Income Trust,” but those are lower-confidence working identifications rather than settled answers.
| # | Ticker | Company | Our confidence |
|---|
| Main pick | EU | enCore Energy Corp. | 91/100 — high |
| 2 | BWXT |
Also in this offer
The offer bundles 2 bonus reports that tease their own stocks. These get a sentence or two of copy each, so the evidence is much thinner than for the main pick and what follows is our best reading rather than a confident answer.
| Bonus report | Our best guess | Confidence |
|---|
| America's Strongest Natural Gas Dividend Company | CQP — Cheniere Energy Partners, L.P. | 68/100 — solid |
| The AI Income Trust | EQIX — Equinix Inc. | 72/100 — solid |
Do the claims hold up?
The claim-by-claim checks separate facts supported by company filings and government sources from wording that has been rounded, dated or inflated. That distinction matters here: the underlying nuclear buildout is real, but several of the promotion’s sharpest numbers change meaning when you read the source behind them.
The key sources include enCore’s Form 10-K and SEC-filed releases, BWXT’s annual reports, the Department of Defense’s Project Pele materials, Constellation’s filings and Microsoft announcement, and nuclear-industry data from the IAEA and World Nuclear Association.
EU — enCore Energy Corp.
| The promotion claims | Verdict | What we found |
|---|
| The package recommends companies that provide uranium for nuclear power | Checks out | enCore Energy's Form 10-K says it is focused on extracting domestic uranium to supply fuel for nuclear power generation. |
| The uranium stock provides uranium needed to run nuclear power | Checks out | enCore's Form 10-K says its U.S. uranium extraction strategy is intended to supply fuel for nuclear power generation. |
|
BWXT — BWX Technologies Inc.
| The promotion claims | Verdict | What we found |
|---|
| BWXT is an SMR company involved in the mobile-reactor market | Checks out | The Department of Defense identifies BWXT as the company selected to build the Project Pele prototype microreactor. |
| BWXT made a Department of Energy deal to build mobile reactors |
CEG — Constellation Energy Corp.
| The promotion claims | Verdict | What we found |
|---|
| Microsoft signed a 20-year agreement for nuclear power | Checks out | Constellation and Microsoft announced a 20-year power-purchase agreement supporting the restart of Three Mile Island Unit 1, renamed the Crane Clean Energy Center. |
| Microsoft is paying double for that nuclear access | Overstated | Constellation's filings do not disclose the price; Reuters reported outside estimates of roughly $100-$115 per MWh, described as nearly double regional renewable-power prices. |
|
Claims about the pitch itself
| The promotion claims | Verdict | What we found |
|---|
| Another recommended asset is a nuclear operator with 44% profit margins | Contradicted | Cheniere Energy Partners' filings describe an LNG liquefaction and export business, not a nuclear operator; its 2023 net income divided by revenue was approximately 44%. |
| The other asset has approximately 44% profit margins | Checks out | Cheniere Energy Partners reported approximately $4.3 billion of 2023 net income on approximately $9.7 billion of revenue, which is about a 44% margin. |
|
Claims the record contradicts
“BWXT made a Department of Energy deal to build mobile reactors” — The Department of Defense identifies Project Pele as a Department of Defense program, not a Department of Energy deal; BWXT is the selected manufacturer. “Another recommended asset is a nuclear operator with 44% profit margins” — Cheniere Energy Partners' filings describe an LNG liquefaction and export business, not a nuclear operator; its 2023 net income divided by revenue was approximately 44%.
“Nvidia is spending heavily to obtain nuclear energy” — NVIDIA's disclosed activity centers on AI-chip and data-center revenue; no comparable NVIDIA nuclear-power procurement deal was identified in the cited corporate disclosures.
“Nvidia is spending a fortune to access nuclear energy” — NVIDIA's public disclosures identify AI-chip and data-center activity, not a comparable nuclear-power procurement or investment program.
Where the pitch outran the record
“Microsoft is paying double for that nuclear access” — Constellation's filings do not disclose the price; Reuters reported outside estimates of roughly $100-$115 per MWh, described as nearly double regional renewable-power prices.
“About 60 nuclear reactors are under construction” — The IAEA counted 62 reactors under construction at the end of 2024, while its current PRIS count is 77; 60 is a rounded, dated figure.
“About 110 nuclear reactors are planned” — The World Nuclear Association's current figure is about 120 planned reactors, making 110 a dated or rounded-down version of a real global pipeline.
“Amazon is spending heavily to obtain nuclear energy” — Amazon has pursued nuclear-related power and investment initiatives, including support for X-energy, but the cited record does not establish the promotion's undefined 'spending heavily' wording.
“Google is spending heavily to obtain nuclear energy” — Google announced a nuclear-energy agreement with Kairos Power, but the available record does not establish the promotion's undefined claim that Google is spending heavily to obtain nuclear power.
“About 60 nuclear reactors are under construction”
Get AI research on any stock
Instant reports, daily intelligence, and an AI analyst in your pocket.
What else this desk is pushing
This is the second Marc Lichtenfeld pitch we’ve identified. The first was the “29% Account,” which pointed to Texas Pacific Land Corporation; that stock was unchanged, or up 0%, since we revealed it.
The Uranium Profit Package is also being promoted by Marc Lichtenfeld through The Oxford Income Letter, alongside The Oxford Club branding. That’s useful context when the same nuclear thesis turns up in more than one Oxford-branded mailbox.
Are these worth owning?
The pitch’s central claim is simple: AI will create an electricity shortage, Trump is pushing nuclear power to fill it, and this basket owns the companies positioned to benefit. The first two links hold up. The White House has explicitly tied advanced nuclear deployment to AI infrastructure, Elon Musk has warned that electricity could become the next major AI bottleneck, and the IEA expects global data-center electricity use to exceed 1,000 TWh by 2026.
The weakest link is the leap from a real power squeeze to a guaranteed jackpot for these particular stocks. The worldwide reactor pipeline is substantial, but “thousands” of SMRs beside data centers isn’t established by the cited industry sources. Nor do the filings support every claim about Amazon, Google and NVIDIA spending fortunes to secure nuclear power. The promotion has a real trend, then adds a fog machine.
The company-level evidence is strongest where the pitch sticks to current operations. enCore really is producing uranium from South Texas and has utility contracts, but its claims about five more sites arriving within two years and new production in South Dakota, Wyoming and New Mexico run ahead of its disclosures. BWXT has genuine Navy, Project Pele and SMR manufacturing credentials, though 400 reactor cores are not 400 mini-reactors, and Pele is a Department of Defense program rather than a Department of Energy deal. Constellation has the clearest proof of immediate nuclear-demand traction through Microsoft, but the alleged 50 gigawatts of data-center growth isn’t in its filings.
As a basket, these are three different bets rather than one tidy nuclear trade. BWXT and Constellation carry the clearest evidence of existing commercial or government demand; enCore offers the most direct uranium upside but also the greatest exposure to production ramp-up and project execution. The theme is investable. The promotion’s certainty isn’t.
How confident are we? EU 91, BWXT 94, CEG 89 out of 100. We identified 3 stocks from the promotion's own clues and checked 129 claims across them against filings, earnings calls, ownership records, market data and public reporting. Confidence is scored per stock, so a weaker one does not borrow credit from a stronger one. This is our analysis, not the publisher's disclosure — we have no relationship with them.
