Historical supplier of nuclear components for the U.S. Navy (submarine and aircraft carrier reactors), listed on NYSE. BWXT is expanding into civilian SMRs through partnerships with TerraPower, X-energy, and the DOE, while also producing medical isotopes (Mo-99) and HALEU fuel.
BWXT is a rare defense industrial benefiting from two simultaneous engines: the permanent modernization of the U.S. nuclear fleet (30-year revenue visibility) and the emergence of civilian SMRs to power AI data centers. The company is one of the very few players able to machine reactor pressure vessels in the United States — a structural bottleneck for any SMR rollout. Defense backlog above $4B, long-duration federal contracts, operating margins >15%.
Structural AI energy exposure anchored in a defensible defense moat. Quality profile with two growth options (civilian SMRs, HALEU) but already elevated multiples. Limited downside on the defense side, bullish asymmetry on the SMR agenda — a core nuclear thematic allocation.
Everything you need to know about NeonBridge and the compute economy.
Oil powered the 20th century. Compute powers the 21st. Every time an AI model runs or a Bitcoin block is mined, it takes energy, chips, data centers, and cloud infrastructure to make it happen. The companies building all of that form the compute economy. NeonBridge tracks 200+ of them across 7 categories.
Just like oil or electricity, compute is a raw resource that every industry needs. AI models can't train without GPU cycles. Bitcoin can't exist without hashrate. As demand grows, the companies that produce, store, and distribute compute become critical infrastructure. That makes compute the defining commodity of this century.
AI and Bitcoin are not two separate topics. They are two expressions of the same industrial revolution. AI transforms compute into intelligence. Bitcoin transforms compute into verifiable scarcity. Both need the same physical foundations: energy, chips, and data centers. That is why NeonBridge tracks them together, as one economy.
Most companies in the tracker are publicly listed stocks you can buy through any brokerage account. We highlight EU-friendly brokers like Trade Republic, Interactive Brokers, DEGIRO, and Scalable Capital to help you get started. No crypto wallet needed for the equity side.
Like any sector, compute infrastructure carries risk. Chip supply chains can be disrupted by geopolitics. Energy costs fluctuate. AI regulation is evolving fast. Bitcoin mining profitability depends on network difficulty and price cycles. Diversifying across the 7 categories of the compute economy helps reduce exposure to any single risk.
Global AI compute capacity doubles every 6-7 months, fueled by explosive AI adoption outpacing historical trends, with contributions from Bitcoin mining infrastructure repurposing and autonomous systems. Governments worldwide have committed hundreds of billions to chip manufacturing and power infrastructure. This reflects an enduring industrial shift comparable to electrification.
