[AMDG
NEW Leverage Shares 2x Long AMD Daily ETF!
[ARMG
NEW Leverage Shares 2x Long ARM Daily ETF!
[ASMG
NEW Leverage Shares 2x Long ASML Daily ETF!
[TSMG
NEW Leverage Shares 2x Long TSM Daily ETF!
New Leverage Shares 2X Long NVDA Daily ETF
* Our ETFs
  + 
* Company
* Insights
 Menu
Our ETFs
Company
Insights
* Thematic
* Commodities
* Fundamental
* Single Stock ETFs
* About
* .
* Industry Insights
* Interviews
* Research Insights
## Technology
## Value in Vigilance: The Cost of Cybercrime
Share on
!
## The Case for Cybersecurity
As its name implies, cybersecurity endeavors to “secure” computers, networks, programs, and data in order to prevent unauthorized access.
Data stored by companies and individuals alike is often sensitive in nature, including everything from passwords to payment information. Should sensitive information be compromised in a data breach, the consequences of such cybercrime can prove costly.
Total financial losses from cybercrime have increased 281% over the past five years to $10.3 billion in 2022 alone according to a report assembled by the Federal Bureau of Investigation (FBI).1
## Defining Data Breaches
A data breach is an incident in which sensitive or confidential information is copied, transmitted or stolen by an unauthorized entity. Breaches can occur as a result of malware attacks, fraud, insider leaks, or unintended disclosure.
The targets of such attacks are often personally identifiable information (PII), intellectual property, corporate data, or government agency data.
Every year, data breaches cost businesses billions of dollars; they also erode both consumer trust and retention. With an increasing reliance on technology and data stored online, data breaches have become an omnipresent threat to individuals, companies, and government agencies.
## Investments in Innovation
As technology and the cybercriminals that wield it become ever more sophisticated, companies have had to significantly increase their investments in cybersecurity infrastructure to thwart them.
91% of business leaders believe a “catastrophic cyber event” is likely and are actively taking measures to increase their cybersecurity capabilities.2
As a result, companies continue to drive demand for ever greater digital security, with $101.5 billion in projected spending by 2025 according to economic estimates and consultancy forecasts.3
1 Source: FBI Internet Crime Report as of 31 December 2023
2 Source: Gartner as of 31 December 2023
3 Source: McKinsey & Company as of 31 December 2023
Our **Cybersecurity ETF (SPAM)** seeks to track the Solactive Cybersecurity Index (SOCYBERN), which identifies the **largest 35 companies by market capitalization in digital security software.**
SPAM seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the SOCYBERN Index.
## Related Research
## 
##### Get in Touch
##### Company
##### Resources
##### Join the Newsletter
Email
Sign Up
ALPS Distributors, Inc. (1290 Broadway, Suite 1000, Denver, Colorado 80203) is the distributor for the Themes ETFs Trust.
Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments focusing on a single country may be subject to higher volatility.
Technology-themed investments may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
**Carefully consider the funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the funds’ summary or full prospectus, which may be obtained by calling 1-866-5Themes (1-866-584-3637) or by visiting themesetfs.com. Please read the prospectus carefully before investing.**
Themes Management Company LLC serves as an adviser to the Themes ETFs Trust. The funds are distributed by ALPS Distributors, Inc (1290 Broadway, Suite 1000, Denver, Colorado 80203). Solactive, STOXX and BITA have been licensed by Solactive AG, ISS STOXX, and BITA Gmbh, respectively, for use by Themes Management Company LLC. Themes ETFs are not sponsored, endorsed, issued, sold, or promoted by these entities, nor do these entities make any representations regarding the advisability of investing in the Themes ETFs. Neither ALPS Distributors, Inc, Themes Management Company LLC nor Themes ETFs are affiliated with these entities.
## You’re In!
Thank you for subscribing to our newsletter.
A confirmation letter has been sent to your email.
Check your inbox.
Thank you for subscribing to our newsletter. A confirmation letter has been sent to your email. Check your inbox.
We use cookies to enhance your experience
I agree
## thoughts from themes
## Uranium Sector Rises in Conviction with that of AI
## Date: **December 15, 2024**
Rising utilization of streaming platforms, social media applications and sundry apps around the world continue to be transformative for the fortunes of data centers, which face steadily rising demands that the sector races to fulfil. By the end of this decade, it is estimated that over 20% of the nearly 8,000 terawatt hours (TWh) of total energy requirement worldwide would from data centres – nearly equalling that of the networks that make the internet available1.
With 5G rollouts currently in place all over the world – especially in Emerging Markets (EM) economies – the need for greater energy availability for effective data centre operations in the wake of increasing penetration of high-speed internet, streaming services, et al, becomes ever more strident.
In the United States alone, data centres’ power consumption is expected to grow by 10% year-on-year all the way till the end of the decade2.
While the likes of Amazon Web Services and Google Cloud do offer stiff competition to the likes of co-location companies – which typically rent out network capacity, power and server-related infrastructure to enterprises both large and small – is expected to remain resilient. The data centre space is an area of stiff competition, with private equity transactions rising year-on-year.
Within data centres, AI-driven workloads are expected to drive an increasing amount of workload and require greater provision of power: global power solutions provider Schneider Electric estimates that AI will be responsible for up to a fifth of total data centre power consumption by 20283.
Interestingly, AI-driven power consumption is expected to grow at a Compounded Annual Growth Rate (CAGR) of 25-33%3, a rate that is 2-3 times that of overall data centre power demand. Given the leading edge that AI-driven processes have established in the Western Hemisphere, it can be expected that efficient power supply would be required to drive this here more so than elsewhere.
Of all sources of electricity generation, nuclear power generation techniques are by far the most efficient, with average estimates measured in Gigajoules per kilogram as opposed to all other fuel sources, which run in the Megajoules per kilogram range4:
However, as of 2023, the total share of nuclear reactors in total power generation the world over has fallen from 15% as of the end of the Cold War to a little under 9%.
The overall efficiency of nuclear power isn’t entirely lost on EM countries: while the United States outstrips nearly every other country by a wide margin in presently available reactor capacity, EM countries such as China, India, Turkey and Egypt are actively working on augmenting their nuclear power capabilities.
Globally, the supply of uranium is predominantly dependent on post-Soviet countries while North America’s share in total uranium supply has seen a gradual decline5.
The driving factor behind capacity installation is fuel availability which, in turn, is influenced by geopolitics. Geopolitics also has an effect on reactor design decisions. For example, while most countries focus on building Pressurized Water Reactors (PWRs), India focuses on the building of Pressurized Heavy Water Reactors (PHWRs) using largely home-grown technology. PHWRs produce more energy per kilogram of mined uranium than other designs, but also produce a much larger amount of used fuel per unit output6. Plus, PHWRs don’t need to shut down for refuelling, ensuring nearly-continuous operation. India also has access to captive uranium mines, thereby potentially enabling a steady supply of fuel for its reactors.
So persistent is overall nuclear material demand that the already-existing gap between demand and production is expected to widen, with nuclear market research and analysis firm UxC estimating a cumulative shortfall of well over half a million metric tons by the end of 2040.
Given the energy efficiency of nuclear power generation and improving technologies in nuclear safety, the use case for nuclear power generation systems is increasingly strong. With new buildouts of reactors all over the world comes a growing demand for uranium, which is now driving up the spot price of uranium ore. A not-insignificant component of this growing demand for energy is the rising number of data centers with AI-driven workload management systems.
Thus, it is entirely within the realm of likelihood to assert that the nuclear energy sector will be better aligned with the semiconductor companies and other AI-relevant stocks. As it turns out, correlations between the nuclear energy sector – as represented by the **** – and the AI-relevant sector – as represented by the  has been very strong in recent months7.
Overall, the uranium-relevant sector has seen some signs of a cool-off in recent times as expectations ride high on the notion that President Trump’s administration would work towards ending its standoff against Russia in the Russo-Ukrainian conflict, thereby freeing up supply of uranium ore and other materials from Russia to the United States. However, the fact remains that uranium is in short supply relative to the planned capacity of new buildouts all over the world. While President Trump’s campaign was replete with promises for revitalizing the nuclear energy sector, it remains to be seen if the new administration will ease global supply bottlenecks via the authorization of renewed mining efforts within the United States, export of technology and so forth.
**Footnotes:**
1AKCP, Data Center Energy Use Rises – What’s Next for Efficiency?, as of October 2020
2McKinsey & Company, Investing in the rising data center economy, as of January 17, 2023
3Schneider Electric, The AI Disruption: Challenges and Guidance for Data Center Design, as of December 6, 2023
4World Nuclear Association, Heat Values of Various Fuels, as of November 18, 2020
5World Nuclear Association, as of May 3, 2020
6World Nuclear Association, Nuclear Power Reactors, as of December 4, 2020
7Nikkei Asia, AI investment boom extends to nuclear power generation and uranium, as of May 4, 2020