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Meta's latest deal to power its AI ambitions is sending nuclear stocks soaring
Business Insider· 2026-01-09 15:22
Core Insights - Meta Platforms is leveraging nuclear power to support its AI initiatives, signing agreements with multiple companies to supply nuclear energy for its data centers, including the Prometheus AI supercluster in Ohio [1][6] - The deal has positively impacted the stock prices of the involved nuclear power companies, including Oklo, Vistra Corp, and TerraPower, indicating a broader market momentum in the nuclear sector [2] Company Developments - The agreement with Oklo, Vistra Corp, and TerraPower marks a significant step in Meta's strategy to utilize nuclear energy for its AI infrastructure, with a one gigawatt facility expected to be operational later this year [1][2] - This is not Meta's first venture into nuclear energy; a previous deal with Constellation Energy also resulted in a spike in stock prices, highlighting the company's ongoing commitment to nuclear power [6] Industry Trends - There is a growing trend among big tech companies to support nuclear energy as a viable alternative power source to facilitate AI development, reflecting a shift in energy strategy within the tech industry [6] - Oklo's CEO emphasized the realization of advanced nuclear power generation in Ohio, showcasing the collaboration with Meta as a pivotal moment in the industry's evolution [7]