NuScale Power and Oklo Are Two Nuclear Stocks Poised to Benefit From Rising AI Adoption

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Investment banks are highlighting nuclear energy as a key solution for surging electricity demand driven by AI data centers. Goldman Sachs, Bank of America, Morgan Stanley, and Citigroup have all issued bullish reports on nuclear power, with Citigroup particularly excited about small modular reactors, or SMRs. Two stocks seen as direct plays on SMR adoption are NuScale Power and Oklo, both of which have market caps under $10 billion after a steep correction. Oklo, which counts OpenAI CEO Sam Altman as an early investor, has a 14 GW pipeline of big tech and data center clients but has yet to receive regulatory approval or commercialize a design. NuScale has regulatory approval for a 6 GW project with the Tennessee Valley Authority but has not yet signed a binding power purchase agreement. Bank of America values the global nuclear opportunity at $10 trillion over the next couple of decades, though SMRs are expected to play only a minority role.

Impact on stocks 6

Financials▲ · 3 stocks
Energy Transition & Power Demand▲ · 2 stocks
Oklo Inc.
OKLO
▲ PositiveDemandrelevance

Oklo has a 14 GW pipeline of big tech and data center clients, directly benefiting from AI-driven electricity demand.

Nuscale Power Corp
SMR
▲ PositiveDemandrelevance

NuScale has regulatory approval for a 6 GW project with TVA, positioned to meet AI data center power needs.

Digital Finance & Tokenization▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

OpenAIPrivate± Mixed
relevance

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