NuScale Power's stock surged 8.3% in pre-market trading on Monday, riding a wave of optimism surrounding the nuclear energy sector. The rally was driven by analysts' growing bullishness on the prospects of nuclear power companies, fueled by the following factors:
1. Rising demand for electricity from artificial intelligence data centers is expected to benefit nuclear power companies, as tech giants are increasingly seeking sustainable and reliable energy sources.
2. A flurry of deals between tech companies and nuclear energy providers has been observed, with tech firms willing to pay higher prices to secure electricity for their future data centers while meeting sustainability targets.
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