X-Energy has fallen nearly five points, leading the decline in the power and nuclear equipment sectors today. The story behind small modular reactors is compelling, but their volatility is also high. Vistra fell two to three points, and GE Vernova dipped slightly—these two in power generation operations and grid equipment are relatively stable 😪

The demand pull from AI computing power on electricity is a genuine long-term logic, but this batch has accumulated significant gains recently. When the broader market fluctuates, the more volatile new nuclear energy players are the first to give back some gains.