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Nuscale Power Stock News
$15.73
8.12%
yesterday
NYSE,
Dec 17, 10:20 pm CET
Why the stock moved Beta
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Nuclear energy is making a comeback to help power the AI revolution. Nuclear stocks like Oklo and NuScale Power are soaring, even if they barely generate revenue.
NuScale Power is attempting to build a business around small-scale modular nuclear reactors. The company's first potential customer has yet to make a final investment decision.
Oklo (NYSE: OKLO) and NuScale Power (NYSE: SMR) both operate in the small modular reactor space, but their recent quarterly results reveal two companies at radically different stages.
NuScale Power has a regulator-approved reactor design, but it will need to build one to validate its technology. Revenue growth is expected, but there are many speculative aspects to its business at this stage.
Jensen Huang appeared on Joe Rogan's podcast yesterday. Huang suggested that nuclear energy will play an important role in the growth of the AI industry.
Investors need to be careful if they place early bets on startup companies seeking to provide nuclear-generated electricity for data centers, according to Paul Wick of Columbia Threadneedle Investments.
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