SMR is trading 6.9% up now at $12.19 amid a wave of positive sentiment for advanced nuclear stocks, driven by the massive power demands of the artificial intelligence (AI) industry.
- Multiple reports on May 26 are highlighting NuScale's specific strategy to provide 24/7 electricity to hyperscale AI data centers using its small modular reactors (SMRs).
- The company is positioned as a key beneficiary of the AI boom, which is creating enormous demand for reliable, carbon-free, on-site power that traditional grids may struggle to supply.
- Broader sector momentum is also positive, with other advanced nuclear companies like Oklo and NANO Nuclear announcing significant developments today.