2025 Sohn HK: Jon Jhun Of My.Alpha On Which Stocks Will Benefit From $200B In Annual Nuclear Spending

At the 2025 Sohn Hong Kong Conference, Jon Jhun of MY.Alpha Management presented a high-conviction thesis on the coming “global nuclear renaissance” and the unique position of the Korean supply chain, specifically highlighting EPC (Engineering, Procurement, and Construction) companies and mentioning several by name, who has focused on the Korean market since 2011, notes that this investment focus wasn’t always popular, but he remained committed. While his initial intended pitch, Doosan Enerbility, had already seen an 80% increase since his submission, he pivoted to present what he considered “an even better” opportunity in these key EPC firms.

2025 Sohn Hong Kong Conference – MY.Alpha Management’s Jon Jhun

The nuclear boom

Jhun identifies multiple powerful drivers fueling the anticipated nuclear boom. These include ambitious decarbonization goals aimed at combating climate change, heightened demand for geopolitical energy security to reduce reliance on volatile sources like Russian gas, and the burgeoning, stable demand for base load electricity from energy-intensive AI data centers. These factors combined are projected to drive significant investment in new nuclear reactor builds globally, with even conservative estimates suggesting $200 billion in annual investments.