Why Did NuScale Stock Drop 14.7% This Week?
Shares of NuScale Power (NYSE: SMR) fell this week, finishing down 14.7%. The move comes as the S 500 (SNPINDEX: ^GSPC) gained 1.9% and the Nasdaq-100 gained 2.2%.
The staggering scale of energy required for artificial intelligence (AI) data centers has fueled a major run-up for nuclear energy stocks across the board -- NuScale stock is up 110% this year so far.
But this week, a few news items prompted investors to question whether AI's energy appetite will be as large as anticipated.
Source Fool.com
