U.S. Stock Market News | Amazon announces investment in small nuclear reactors, concept stocks in the nuclear energy sector collectively rise

On Wednesday, concept stocks in the nuclear energy sector collectively rose. As of the time of publication, NuScale Power, a company specializing in advanced nuclear technology, saw its stock price surge by over 25% to $17.1. Oklo also rose by over 25% to $14.69, Nano Nuclear Energy rose by over 8% to $16.84, and Dominion Energy rose by over 2.4% to $58.98. Amazon has announced its intention to invest in small nuclear reactors. The company has signed an agreement with Dominion Energy to explore the development of small modular nuclear reactors near Dominion's existing North Anna nuclear power plant. Amazon will also invest in the early development work of reactor developer X-energy and collaborate with the regional utility consortium Energy Northwest in Washington state to support the construction of four X-energy reactors locally. By the end of the 2030s, these announced nuclear projects may provide over 5000 megawatts of power and potentially even more