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The share price of NuScale Power Corporation (NYSE:SMR) surged by 19.43% on May 23, 2025. Let’s shed some light on the development.
NuScale Power Corporation (NYSE:SMR) is a provider of proprietary advanced small modular reactor (SMR) nuclear technology.
NuScale Power Corporation (NYSE:SMR) received a significant boost on Friday after President Trump signed an executive order to quadruple America’s nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. Nuclear energy has emerged as a key candidate to power the country’s AI boom and its accompanying data centers, which are expected to raise the domestic power demand to record highs in 2025 and 2026.
The White House has put special focus on small modular reactors, or SMRs, known for their affordability, versatility, and shorter construction times. This presents a significant opportunity for NuScale Power Corporation (NYSE:SMR) as its NuScale Power Module is the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission.
It must also be mentioned that NuScale Power Corporation (NYSE:SMR) reported strong results for its Q1 2025 last week, beating forecasts in both earnings and revenue. Notably, the company’s revenue jumped by 870% during the quarter to $13.38 million, with significant potential for further growth after the recent developments.
While we acknowledge the potential of SMR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.