Core Insights - NuScale Power's stock has seen an increase of 15.14% recently, driven by positive sentiment regarding nuclear power's role in the AI industry [2][4] - Jensen Huang, CEO of Nvidia, emphasized the importance of nuclear energy for meeting the power demands of AI computing during a podcast appearance, which has positively influenced investor interest in NuScale Power [5][6] Company Overview - NuScale Power's current stock price is $23.19, with a market capitalization of $6 billion [4] - The stock has experienced a 52-week range of $11.08 to $57.42, indicating significant volatility [5] Industry Context - Jensen Huang predicts that small nuclear reactors will become more prevalent in the next six to seven years to support AI computing needs [5] - Huang's comments highlight the potential of nuclear power to alleviate pressure on the energy grid and contribute to energy supply, which aligns with NuScale Power's offerings of small modular reactors [5][6]
Why NuScale Power Stock Is Soaring Today