NuScale Power Corporation (SMR) is experiencing a significant decline in its stock price today, primarily driven by a broader selloff in speculative stocks, including those in the nuclear power sector. This downturn follows a comment from Nvidia's CEO at a tech conference, which triggered a selloff in quantum-computing stocks and subsequently spread to other speculative names popular with retail investors. The pressure on these stocks was exacerbated by margin calls, as traders who had heavily leveraged their positions rushed to cover losses. This market-wide retreat has impacted various sectors, including nuclear power, with NuScale Power being one of the affected companies.
NuScale Power's stock is currently trading at $19.60, down 9.76% from its previous close of $21.72. The stock opened at $20.53 and has seen a low of $18.65 today.