Stocks from the healthcare and energy sectors performed positively. Companies from both sectors can work together to fill an important AI gap.
Laetitia-Zarah Gerbes: The fund manager relies on technology. Photo: Acatis, Getty Images
Frankfurt. The AI boom is creating new stock market winners. In the future depot, these include healthcare companies and energy suppliers. At first glance, both sectors have little in common.
In fact, they are linked by a bottleneck that is becoming increasingly important for investors: AI requires huge amounts of data - and, above all, reliable electricity around the clock.
In the healthcare sector, companies included in the sample portfolio such as Veeva Systems, Tempus AI and Oxford Nanopore benefit from evaluating data, selling AI tools or providing the basis for new models. For energy suppliers, it's about the physical foundation of the boom. The uranium company Cameco is particularly interesting here.
First, a look at the healthcare sector: Cloud software specialist Veeva Systems reported sales of around $928 million for the most recent quarter, exceeding analysts' expectations. Veeva is benefiting from expanded contracts with large pharmaceutical companies and is specifically expanding its portfolio to include AI agents. The share has gained more than a tenth over the month.
Genomics and diagnostics developer Tempus AI also performed strongly, raising its full-year sales forecast to $1.6 billion. The trigger was positive clinical validation data and publications confirming the accuracy of its AI-supported diagnostic platform.
Tempus develops its own AI models and generative assistants such as Tempus One that analyze multimodal patient data to optimize oncology treatments and more efficiently manage clinical trials for pharmaceutical customers. The share price is also ten percent higher over the next four weeks.
At the British specialist Oxford Nanopore, solid half-year figures and operational progress ensured a positive monthly performance and a stabilization of the share price. Its sequencing devices use deep learning to analyze molecular data in real time, providing an important basis for biological AI models.
Nuclear power in focus
In addition, things have recently been going better for the US energy suppliers Constellation Energy and Vistra Corporation, as both companies are benefiting from the growing electricity demand of the AI infrastructure.
Constellation raised its profit forecast for the current year, mainly due to long-term supply contracts. The stock has gained eight percent in the past month.
Vistra shares gained five percent over the same period. The utility said it would buy back its own shares, benefiting from higher revenue from grid operator PJM's recent auctions. In these auctions, the prices for electricity capacity climbed to record highs because newly built AI data centers consume extremely large amounts of electricity and the available power plant output is therefore becoming scarce.
The sample depots
The managers of the model portfolios take turns writing about their view of the markets on a weekly basis. The experts' contributions do not constitute investment advice; in particular, they do not provide a recommendation to purchase the securities mentioned. They are simply intended to provide an incentive to think and discuss market developments and investment strategies. >> Click here to go to the sample depot page
Readers can virtually look over the shoulders of the professionals: There is the “Future Depot” by Laetitia-Zarah Gerbes (Acatis Investment), the “Sustainability Depot” by Gabriele Hartmann and the “Dynamic Depot” by Philipp Paulus (FGTC Investment).
Here you can go directly to the sample depot page:
>> www.handelsblatt.com/boerse/musterdepots
In our opinion, the cheapest and most reliable source of energy is nuclear power. With Constellation and Vistra we are already positioned among nuclear power generators. But are there other investment opportunities for us?
The market is in a difficult situation. The price of uranium remains at a historically high level of around $90 to $96 per pound. Demand is increasing rapidly, supply is only growing slowly. Although 80 new reactors are being built in China, that takes time.
Utilities are still holding inventory for almost three years and are avoiding the spot market. But for more than ten years, long-term contracts have not covered real consumption. In the US alone there is a contract shortfall of over 180 million pounds of uranium. “Silent procurement” for the years from 2027 has begun, and producers can enforce increasingly higher long-term prices.
Related topics
Artificial intelligence software
Cameco new in the future depot
Cameco is one of the few companies that dominate primary production. We have built up a small position here. The company is operating just below its available capacity due to supply chain bottlenecks and operational factors, increasing bargaining power. With Brookfield, Cameco has acquired Westinghouse Electric, giving it access to one of the world's largest reactor service, fuel and nuclear technology portfolios.
Other stocks, on the other hand, are primarily venture capital bets. Developers of small modular reactors, so-called SMRs, such as Nuscale and Oklo are under pressure because of regulatory hurdles and rising costs.
More: Golden autumn for precious metals despite rising interest rates? The chances are good
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