Why NuScale Power Stock Tanked 39.5% Last Month

Shares of NuScale Power Corporation (SMR 13.48%) fell 39.5% in December, according to data from S&P Global Market Intelligence. The small modular nuclear reactor (SMR) start-up pulled back last month after a monster run for most of 2024, likely due to a broad pullback for growth and artificial intelligence (AI) stocks in the month. An announcement from competitor GE Vernova may have catalyzed the sell-off as well. Over the last year, NuScale Power stock is up over 800%.Here's why NuScale Power stock fell in ...