NuScale Power Corporation (SMR) saw its stock rise by 3.35% to close at $20.95 on January 28, 2025, after opening at $21.35 and reaching a high of $21.63. The trading volume was significantly higher than average, at 16,298,614 shares, indicating strong investor interest. The stock's upward movement was largely driven by the broader gains in AI infrastructure-related stocks, as the demand for nuclear energy as a reliable power source for data centers is expected to surge. The International Energy Agency has highlighted the potential role of small modular reactors (SMRs), like those developed by NuScale, in meeting the increasing power demands of data centers, which are projected to grow by 160% by 2030.
Additionally, the announcement of the Stargate Project, a $500 billion AI infrastructure initiative involving major tech companies, has further fueled optimism around nuclear energy stocks. NuScale's unique position as the only company with regulatory approval from the U.S. Nuclear Regulatory Commission to build SMRs strengthens its competitive advantage. Analysts have noted the company's strong cash position and its potential to capitalize on the growing interest in nuclear energy, particularly as tech giants explore nuclear options to meet their sustainability goals.