SMR - This Hot Nuclear Stock Is Up 300% This Year: Where Will It Land by the End of 2024?
2024-07-16 04:12:00 ET
Investors are going like gangbusters for artificial intelligence (AI) stocks such as Nvidia and Microsoft , bidding them up to all-time highs. Now, they are looking at the second-order effects of AI, one of which is data center power consumption. These new AI tools require tons of new infrastructure and electricity generation capacity, which has investors interested in stodgy old utility and energy stocks again.
The stock of the small modular nuclear reactor start-up NuScale Power (NYSE: SMR) is up 300% year to date on the back of this theme. But what are small nuclear reactors, and should you invest in them? Let's take a closer look.
Small modular reactors (SMRs) are just what their name implies. Unlike legacy nuclear reactors of immense size, SMR companies want to build smaller power sources that are more flexible for commercial customers.
For further details see:
This Hot Nuclear Stock Is Up 300% This Year: Where Will It Land by the End of 2024?