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Amazon and Google are competing to invest in nuclear energy-powered datacenters, causing a surge in US stocks related to the nuclear power concept.
Amazon has become the latest technology giant bullish on nuclear energy, including investing over 0.5 billion US dollars to develop small modular nuclear reactors (SMRs). Google also signed a power purchase agreement with American nuclear power companies on Monday, bullish on the "fast and safe" power supply of SMRs. Companies developing new nuclear power technologies such as Oklo and NuScale Power surged by about 40% on Wednesday.