Nuclear Energy Stocks Surge Amid Rising AI Energy Demands
Key Takeaways
Oklo (OKLO), a startup supported by OpenAI CEO Sam Altman, saw its shares rise 14% Thursday, bringing weekly gains to nearly 50% following the project’s announcement earlier this week.
NuScale Power (SMR) also posted a strong performance, with shares surging 14% Thursday and up 32% for the week. Similarly, Vistra (VST) rose 3% Thursday, extending its weekly gains to 12%.
Constellation Energy (CEG), which holds a key contract with Stargate partner and OpenAI backer Microsoft (MSFT), climbed 4% on Thursday, totaling a 9% gain this week. Both Constellation and Vistra have delivered exceptional performance over the past year, with their stocks nearly tripling and quintupling, respectively.
Meanwhile, Nano Nuclear Energy (NNE) shares jumped 17% Thursday after receiving patents for its modular transportable nuclear generator designs. The company’s innovative portable reactor technology, targeting remote locations, has driven its stock up by more than 70% this month.
Key Takeaways
- Nuclear energy stocks surged Thursday, driven by increasing energy demands from AI infrastructure development.
- President Donald Trump announced a $500 billion AI joint venture with Oracle, OpenAI, and SoftBank on Tuesday.
- Shares of Oklo, backed by OpenAI CEO Sam Altman, soared 14% Thursday, with a nearly 50% gain this week.
Oklo (OKLO), a startup supported by OpenAI CEO Sam Altman, saw its shares rise 14% Thursday, bringing weekly gains to nearly 50% following the project’s announcement earlier this week.
NuScale Power (SMR) also posted a strong performance, with shares surging 14% Thursday and up 32% for the week. Similarly, Vistra (VST) rose 3% Thursday, extending its weekly gains to 12%.
Constellation Energy (CEG), which holds a key contract with Stargate partner and OpenAI backer Microsoft (MSFT), climbed 4% on Thursday, totaling a 9% gain this week. Both Constellation and Vistra have delivered exceptional performance over the past year, with their stocks nearly tripling and quintupling, respectively.
Meanwhile, Nano Nuclear Energy (NNE) shares jumped 17% Thursday after receiving patents for its modular transportable nuclear generator designs. The company’s innovative portable reactor technology, targeting remote locations, has driven its stock up by more than 70% this month.