China Securities News October 21 (Editor Zhou Ziyi) After Amazon and Google reached milestone power supply agreements with nuclear energy companies, the stock prices of nuclear energy listed companies in the U.S. market soared to record highs last week, with the first batch of Small Modular Reactors (SMR) accelerating deployment in the United States.

In the past week, the stock prices of Oklo Inc and NuScale Power, small reactor developers listed in the United States, have risen by 99% and 37% respectively. Private small reactor developers X-energy and Kairos Power also announced financing agreements.

In addition, $Oklo Inc (OKLO.US)$Please use your Futubull account to access the feature.$NuScale Power (SMR.US)$Please use your Futubull account to access the feature.$Constellation Energy (CEG.US)$Please use your Futubull account to access the feature.$Cameco (CCJ.US)$ and $BWX Technologies (BWXT.US)$ The stock price hit a new all-time high last week.

As of the time of publication, some nuclear power stocks have risen again, among them $NANO Nuclear Energy (NNE.US)$ Increasing by nearly 18%. $Oklo Inc (OKLO.US)$ Rises more than 14%.$NuScale Power (SMR.US)$ Up more than 4%. $Constellation Energy (CEG.US)$ Shares rose more than 1%.

Looking at the stock performance from the beginning of this year to the present, Constellation Energy's stock price has more than doubled since the beginning of the year, operating the largest conventional nuclear reactor portfolio in the USA; Uranium producer Cameco's stock price has risen 38% this year; Nuclear component supplier BWX Technologies' stock price has soared 65%.

The Road to Counterattack

Following the 2011 Fukushima nuclear accident in Japan, the nuclear energy industry was once silent globally, but now there are signs that the industry is accelerating its recovery.

Last week, Google signed an agreement with nuclear startup company Kairos Power to build 7 small modular nuclear reactors to power Google's datacenters.

Earlier this year, amazon also announced plans to build a mega-scale datacenter and connect it directly to another nuclear power plant in Pennsylvania; In addition, in September, microsoft announced an agreement with Constellation Energy to restart the Three Mile Island reactor closed in 2019 and purchase electricity for the next 20 years.

With the surge of artificial intelligence data centers, the demand for electricity in the United States has seen historic growth. It is expected that these agreements will support the deployment of up to 12 next-generation reactors, providing low-carbon electricity for the high-energy artificial intelligence data centers of amazon and google.

Seth Grae, CEO of nuclear fuel developer Lightbridge Corporation and chairman of the International Council of the American Nuclear Society, stated that for some time, the companies operating nuclear reactors have been speaking out, 'they are needed to meet the booming demand for electricity for artificial intelligence,' but it seems that no one believes them.

He added, 'These massive investments suggest that the technology industry believes that renewable energy and batteries cannot provide sufficiently stable or cost-effective electricity, and thus the need to turn to nuclear energy.'

However, the decisions by amazon and google to invest in small modular reactors seem to send a signal to the market that large corporations are beginning to choose nuclear power generation, indicating that market rules are about to change. This reflects the need of these technology companies to procure reliable, cost-effective, and clean electricity to power the new wave of artificial intelligence data centers.

Editor/Somer