Why NuScale Power Stock Is Soaring Today

NuScale Power (SMR) surged 12% today, erasing an 11% decline from the prior session, after the Department of Energy announced plans for a $100 billion data center campus in Kentucky. The project itself will rely on natural gas power, not nuclear, but traders are betting the Trump Administration's willingness to greenlight large-scale data centers on federal lands opens the door for NuScale's small modular reactors (SMRs) to power future AI infrastructure.

The Kentucky facility signals federal support for massive computing buildouts at a time when AI providers are hunting for reliable, scalable power sources. NuScale's SMR technology is positioned as a clean alternative to natural gas for energy-intensive data centers, and today's move suggests investors see a pathway to contracts as federal land becomes available for these projects.

The stock's recovery comes amid broader optimism around nuclear as a solution to AI's growing energy demands, with SMRs offering faster deployment timelines than traditional reactors.