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

Key Takeaways

  • Nuclear energy stocks roared higher Thursday, extending gains earlier in the week amid expectations of growing energy needs driven by data centers to support AI.
  • President Donald Trump on Tuesday announced a $500 billion joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.
  • Shares of Oklo, which is backed by OpenAI CEO Sam Altman, surged close to 14% Thursday and have added almost 50% this week since reports of the initiative emerged.

Nuclear…

Article Source
https://www.investopedia.com/nuscale-oklo-and-other-nuclear-stocks-soar-on-anticipation-of-ai-growing-energy-needs-8779389