Uranium Energy Corp (UEC) stock surged 9.93% during Tuesday's trading session, riding a wave of positive sentiment in the nuclear energy sector. The rally was primarily fueled by Meta's groundbreaking power agreement with Constellation Energy, which has reignited interest in nuclear power as a viable solution for powering energy-intensive technologies like artificial intelligence.

The Meta-Constellation deal, which will keep one of Constellation's nuclear reactors in Illinois operating for an additional 20 years through 2047, has sent ripples through the uranium market. This long-term commitment to nuclear energy has investors betting on increased demand for uranium, the key fuel for nuclear reactors. As a result, several uranium-related stocks, including Uranium Energy Corp, saw significant gains.

Adding to the positive momentum, BMO Capital initiated coverage of Uranium Energy Corp with an Outperform rating and a price target of $7.75. This vote of confidence from a major financial institution further bolstered investor enthusiasm for UEC stock. The company's strategic positioning in the uranium sector, coupled with the broader industry tailwinds, appears to be attracting both analyst and investor attention.

The surge in Uranium Energy Corp's stock price is part of a broader rally in the nuclear energy sector. Other companies in the space, such as Energy Fuels, Centrus Energy, and Cameco, also experienced notable gains. This industry-wide movement underscores growing investor confidence in the future of nuclear energy, particularly as tech giants like Meta look to secure long-term, reliable power sources for their expanding operations.