Aussie uranium miners jump as Nvidia-fueled AI optimism powers sector

DEEP YELLOW

20/11/2025 04:47

** Uranium miners Deep Yellow DYL.AX , Boss Energy BOE.AX , Paladin Energy  PDN.AX rises between 3.3% and 6.9%

** Stocks rank among the energy subindex’s biggest gainers, even as .AXEJ slips 0.6%.

**  Wall Street’s AI darling Nvidia NVDA.O gained overnight after forecasting fiscal Q4 revenue above estimates

** "Uranium stocks are considered a key part of the AI trade due to their role in powering data centres," Tony Sycamore, a market analyst at IG

** On a YTD basis, DYL and PDN are up 52% and 9.3% while BOE is down 30.7%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))