Nvidia CEO Jensen Huang stated that artificial intelligence systems require 1000 times more power than current infrastructure can provide. Despite this surge in demand, the expansion of data centers is experiencing delays, which impacts the outlook for nuclear reactor developers like Oklo and NuScale Power.
Oklo is currently in the pre-application phase with the Nuclear Regulatory Commission. Meanwhile, NuScale Power has already received approval from the commission but is still waiting for customer procurement. The growth of these companies remains dependent on the actual construction of data centers rather than general forecasts.
Future market developments will depend on data center construction projects in Texas and Missouri. Legislative or executive actions taken by state leaders, such as Governor Greg Abbott in Texas and Governor Mike Kehoe in Missouri, are expected to influence the sector's trajectory and overall market sentiment.
