NuScale, Oklo and Other Nuclear Stocks Soar on Anticipation of AI's Growing Energy Needs

NuScale, Oklo and Other Nuclear Stocks Soar on Anticipation of AI's Growing Energy Needs
yahoo.com

by Andrew Kessel • 8 days ago

Nuclear energy stocks surged on Thursday, driven by expectations of increased energy demand linked to AI infrastructure developments. President Trump announced a $500 billion joint venture with Oracle, OpenAI, and SoftBank, boosting shares of Oklo by nearly 14%, with a total increase of almost 50% this week. Other companies like NuScale and Constellation Energy also saw significant gains, reflecting a broader market optimism regarding nuclear power's role in supporting AI technology.

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