Summary of "이번에 중국에 밀리면 끝난다, 트럼프가 작심하고 돈 쏟아붓는 전력 수혜주들"

Summary of Finance-Specific Content from Video

Key Themes

Small Modular Reactors (SMRs) in nuclear power are identified as a critical investment theme starting in 2026.
The U.S. and China are engaged in strategic competition for global energy leadership, with China commercializing its SMR (Linglong-1) in 2026.
The U.S. views SMR commercialization as urgent to maintain energy competitiveness, especially for AI infrastructure and geopolitical influence.
Significant government policy support and funding in the U.S. are expected to accelerate SMR investment and deployment beginning in 2026.

Assets, Companies, and Instruments Mentioned

SMR-Related Companies

Newspower Korean investors involved; experienced share dilution and major shareholder selling.
Oklo SMR design company; involved in contracts with Meta.
Centrus Energy U.S. high-purity uranium producer benefiting from Department of Energy (DOE) investments.
TerraPower SMR developer (2.8 GW scale); received investment from Meta.
Cameco Nuclear fuel company.
BWX Technologies Supplier of pressurized systems; also produces high-purity halogenated arsenic.
G-Bonover Developer of 3rd generation SMR, fastest to commercialize; operates gas turbine business.
Bistra Nuclear SMR power plant operator.

ETFs

ACE US SMR Nuclear Top 10 ETF Launching February 3, 2026; focuses on U.S. SMR companies, especially design and fuel firms.
ACE Nuclear Power Top 10 ETF (Korean market) Focuses on Korean nuclear power construction and equipment companies.

Other Entities

Meta (formerly Facebook) Investing in SMRs through Oklo and TerraPower.
U.S. Department of Energy (DOE) Funding uranium procurement and supporting SMR deployment.
U.S. Army Initial customer for SMRs under the Janus Project.

Macroeconomic and Strategic Context

2026 as a Critical Year

China will commercialize the Linglong-1 SMR in 2026, pressuring the U.S. to accelerate SMR investment to maintain leadership in energy and AI infrastructure.
The U.S. aims to quadruple nuclear power capacity from approximately 100 GW to 400 GW by 2050, as per a Trump administration executive order.
Bipartisan political support in the U.S. backs nuclear power, including legislation like the Advance Act (2024) to streamline SMR permitting and export approvals.
The Janus Project (starting October 2025) positions the U.S. Army as an early SMR customer, signaling strong government backing.

Energy as a Bottleneck

Power supply is identified as a critical bottleneck for AI and technology growth.
Efforts are underway to localize high-purity uranium supply chains to reduce dependence on Russian sources.

Investment and Market Dynamics

Stock Volatility and Risk Management

SMR-related stocks experienced a bubble in Q3 2025 linked to AI hype, followed by sharp corrections in Q4 2025.
Paid-in capital increases and major shareholder stock sales have pressured prices (notably Newspower, Oklo, Centrus Energy).
High volatility is expected due to the growth-stage nature and capital needs of SMR companies.
Historical parallels are drawn to Tesla’s early shareholder sales, suggesting volatility is part of typical growth cycles.

Investment Strategy and Portfolio Construction

The ACE US SMR Nuclear Top 10 ETF focuses on:
- SMR design companies (largest weight, expected to earn most as investments flow).
- Fuel companies (e.g., Cameco, Centrus Energy) to secure energy supply.
- Operators (e.g., Bistra) to provide revenue stability and reduce volatility.
- Companies like G-Bonover (3rd gen SMR) and BWX Technologies to diversify and stabilize returns.
Combining the U.S. SMR ETF with Korean nuclear power ETFs is recommended to cover the full nuclear value chain (design and fuel in the U.S., construction and equipment in Korea).
ETFs are suggested as a less volatile and more manageable way to invest compared to individual stocks.

Key Numbers and Timelines

2026: Year when SMR commercialization and full-scale investment cycle begins in the U.S.
2050: Target year for U.S. nuclear capacity to increase from 100 GW to 400 GW.
January 9, 2026: Meta announced investments in Oklo (1.2 GW) and TerraPower (2.8 GW).
February 3, 2026: Launch of ACE US SMR Nuclear Top 10 ETF.
$900 million (~1.2 trillion KRW): U.S. DOE investment in securing high-purity uranium supply.

Explicit Recommendations and Cautions

Investors should expect volatility in SMR stocks due to capital raises and shareholder sales.
ETFs are recommended as a safer way to gain exposure to the SMR sector.
Diversification between U.S. and Korean nuclear power ETFs can provide broader coverage of the nuclear energy value chain.
Attention should be paid to government policies and infrastructure projects (such as the Janus Project) as catalysts for stock performance.

Disclosures

Commentary reflects market observations and expert opinions, not explicit financial advice. Investors are cautioned about volatility and risks inherent in high-growth, future-expectation-driven sectors.

Presenters and Sources

Park Joo-hwan, Deputy Manager at Ace ETF (Korean investment trust management company).
Host/Interviewer (unnamed).
References to public figures such as Elon Musk and Jensen Huang for thematic context.
Discussion includes references to U.S. government policies (Biden administration, Trump executive orders), Meta’s investments, and the Janus Project.

End of Summary