Why Centrus Energy Stock Soared Today
Is Microsoft slowing down on artificial intelligence (AI) investment? Amazon and Meta certainly are not -- and that's bullish for nuclear stocks.
Centrus Energy (NYSEMKT: LEU) stock jumped 8.8% through 3:15 p.m. ET Wednesday on (potentially) terrific news for the nuclear power industry.
Earlier this year, investors in nuclear stocks -- and artificial intelligence (AI) stocks -- were all aflutter after reports said Microsoft is slow-rolling setting up data centers for AI services. And if Microsoft is foreshadowing AI doom, this might mean we won't need to build a lot of nuclear power plants to keep AI server farms humming.
Yesterday, though, Constellation Energy announced a 20-year deal to supply nuclear power to Meta Platforms server farms. Today, it was Amazon's turn to give nuclear stocks a boost, announcing a $10 billion investment in new data centers in North Carolina.
