Provided By MarketBeat
Last update: Mar 12, 2025
NVIDIA (NASDAQ: NVDA) did not mention nuclear specifically in its Q4 report or 2025 guidance, but the news is no less critical to nuclear stocks like NuScale Power (NYSE: SMR), Oklo Inc. (NYSE: OKLO), and Cameco (NYSE: CCJ).
The significant details pertain to the wickedly hot demand for GPUs, escalating power consumption with each new generation, and a forecast for compute needs to grow by 100x for the next generation AI models. They point to continued, sustained, and accelerating power demand from the data centers that house the GPUs, which are being constructed at an unprecedented rate. Nuclear is a clear choice, sustainable and with a low carbon footprint.
Meanwhile, Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG) have signed a pledge joining more than 20 governments supporting the expansion of nuclear power. They want to at least triple the global nuclear power capacity by 2050, a bold ambition given the time for new projects to come online and the current meager pipeline.
The latest tallies have 60 atomic projects under construction globally, mainly in Asia, a mere 13% increase from the 440 in operation. The pledge is non-binding, but support from Amazon, Meta, and Google is significant as they represent more than 50% of the global data center capacity and are central to the AI infrastructure build-out underway.
Small modular reactors are exactly what they sound like: smaller nuclear reactors that can be linked together, scaling from site-specific power needs to larger, grid-supporting activity. NuScale Power Corporation is the leader in this regard, manufacturing the only traditional, water-cooled SMRs approved for use in the U.S.
Its plans include the first reactors coming online within the next 3-5 years, and it has 12 modules in production. The latest earnings report highlighted growing interest from hyperscalers, governments, and industries.
The only bad news is that it will be several years before the company generates significant revenue or profits. The analysts forecast revenue to grow in 2026 but not topping the $1 billion mark until 2030 or later, and profitability will be as elusive. Profits are not predicted until 2030, which may be an optimistic estimate.
Analysts rate the stock as a Moderate Buy, and there is a bullish bias to the data, with most rating at Buy or better and the consensus rising. However, the latest revision is a significant price target reduction, and the consensus is well below the current price action, presenting a headwind for the market.
Oklo is another SMR manufacturer, except it is focused on liquid-metal-cooled fast reactors. Fast reactors can run at lower temperatures and reuse spent fuel from other reactors, which is significant given the state of nuclear fuel.
Uranium is abundant on Earth but primarily found in isolated regions outside the U.S. However, it has been estimated that existing stockpiles of spent fuel in the U.S. can power Oklo’s reactors for many decades.
Another critical factor is Oklo’s use of HALEU, or high assay low-enriched uranium, a higher purity than standard nuclear fuel essential to unlocking the full potential of atomic power generation. Oklo’s reactors have also been approved, and the initial project is on track to commence operation within the next few years.
Cameco is the leading supplier of uranium fuel and reactor components globally. It primarily serves the traditional water-cooled-reactor industry but also advanced reactors and, as they come online, SMRs.
Its revenue growth is erratic due to the timing of quarterly shipments but is tracking higher over time. More importantly, the company makes profits today and pays a dividend. Highlights for investors to be aware of is the recent investment in Westinghouse.
Westinghouse is a leading provider of nuclear reactors and equipment globally. Cameco owns 49% of the company in partnership with Brookfield Renewable Partners, providing an avenue for growth.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
154.38
-1.37 (-0.88%)
193.06
+0.98 (+0.51%)
592.49
-5.52 (-0.92%)
28.09
+1.14 (+4.23%)
50.73
+1.49 (+3.03%)
116.65
-0.72 (-0.61%)
17.45
+0.52 (+3.07%)
152.75
-1.53 (-0.99%)
Find more stocks in the Stock Screener
U.S. stocks rally amid steady Fed rates, strong Disney and AMD earnings, but Alphabet falls on Apple concerns.
Get insights into the S&P500 index performance on Wednesday. Explore the top gainers and losers within the S&P500 index in today's session.
Explore the S&P500 index on Wednesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.
In today's session, there are S&P500 stocks with remarkable trading volume. Explore the stocks exhibiting unusual volume in Wednesday's session.
Stay informed about the performance of the S&P500 index in the middle of the day on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
Curious about the S&P500 stocks that are gapping on Monday? Explore the gap up and gap down stocks in the S&P500 index during today's session.
US Markets Rise as Big Tech Shines, Trade Tensions Remain a Concern
Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Friday to uncover the stocks that are gapping in the S&P500 index.
Stay updated with the S&P500 stocks that are on the move in today's pre-market session.
The regular session of the US market on Thursday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
Peter Lynch favored companies with strong earnings growth, reasonable valuations, and solid financials. In this analysis, we’ll determine if ALPHABET INC-CL C (NASDAQ:GOOG) qualifies as a true Lynch-style investment.