Is AI nuclear power dangerous? The proposal to increase power supply for the amazon datacenter was rejected, causing a major drop in US nuclear power stocks.
The U.S. Federal Energy Regulatory Commission (FERC) voted last week to reject nucleosynthesis operator Talen Energy's plan to increase power supply to Amazon datacenters, causing the company and other U.S. nuclear power companies' stocks to plummet significantly on Monday. Constellation Energy's stock fell by as much as 13% on Monday, while Talen's stock price dropped by a maximum of 8.6%, and Centrus Energy dropped by around 22%. OKLO, held by OpenAI CEO Sam Altman, also dropped by about 14.3% at one point. Analysts say FERC's decision is a significant blow to the theme of investing in nuclear power datacenters.
Why Oklo, Nano Nuclear, and NuScale Power Stocks All Dropped Today
Nuclear Stocks Are Tumbling Monday: What's Going On?
Nuclear-Power Companies Hit by U.S. Regulator's Rejection of Amazon-Talen Deal
Constellation Energy Tops S&P Losers List on Amazon Nuclear Power Deal Setback
Craig-Hallum Maintains NuScale Power(SMR.US) With Buy Rating