Amazon, Google and Microsoft Are Investing in Nuclear Power

Published On Oct 16, 2024, 3:54 PM

Major technology companies like Microsoft, Google, and Amazon are heavily investing in nuclear power as a reliable, emissions-free energy source to meet the growing electricity demands for their AI and data center operations. Microsoft has plans to revive the Three Mile Island nuclear plant, while Google and Amazon are focusing on developing small modular reactors with different start-ups. This shift towards nuclear energy comes as the companies seek sustainable energy solutions that can provide continuous power, contrasting with the intermittent nature of solar and wind energy.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

NRG View NRG chart on TradingView

Positive

The push towards nuclear energy by major tech firms may increase investor interest in related technology and infrastructure companies, especially those involved in developing small modular reactors. This trend points to potential growth in the nuclear sector, which has been historically underfunded.

TAN View TAN chart on TradingView

Positive

Investors could also pay attention to companies like Kairos Power, which is working on advanced reactor designs, and X-Energy, engaged in small modular reactor development. Increased backing from tech giants may lead to public offerings or corporate expansions in this innovative energy sector.

Related News

China starts to reverse its 'uninvestible' image: Chart of the Week

Sep 28, 2024, 6:00 AM

After China announced broad measures to rescue its economy, Chinese stocks surged, our Chart of the Week shows. It's not the first time the country has attempted to get out of the recent doldrums, but the market's reaction says this time might be different.

FXI

TAN

In Silicon Valley, a Rogue Plan to Alter the Climate

Sep 25, 2024, 10:00 AM

A pair of restless entrepreneurs are releasing pollutants in the sky to try to cool the planet.

TAN

Fiery Harris-Trump debate gives Wall Street little new insight

Sep 11, 2024, 4:41 AM

NEW YORK (Reuters) -Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris’ favor after the event. Shares of Trump Media & Technology Group, the company that owns Truth Social, fell 13% on Wednesday afternoon, while other so-called Trump trades such as bitcoin and crypto stocks retreated. In a combative debate late Tuesday, Trump and Harris clashed over everything from the economy to immigration, as each sought a campaign-altering moment in what has been a closely-fought race.

DJT

TAN

CVS