NNE News & Analysis
2 articles
Market Mood
NNE and SMCI Partner to Explore AI Data Centers Using Microreactors
On May 6, NANO Nuclear Energy Inc. (NASDAQ:NNE) signed a non-binding Memorandum of Understanding (MoU) with Super Micro Computer, Inc. (NASDAQ:SMCI) to explore using on-site nuclear energy for AI data centers. The collaboration aims to address the increasing electricity demand for high-performance AI applications. NNE's KRONOS MMR Energy System is designed to produce 15 megawatts of electricity and is currently engaging with the US Nuclear Regulatory Commission regarding construction permits. The partnership seeks to create a self-powered AI infrastructure bundle for customers, which includes both compute power and energy.
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Oklo (OKLO) Stock Up 32% Following White House Nuclear Mandate
Oklo (OKLO) stock surged 8% in early trading today, responding to the White House's National Science and Technology Memorandum 3, which mandates space nuclear deployment by 2028 and lunar reactors by 2030. The stock has increased 32% over the past week and 192% over the past year. The consensus price target for Oklo is $90.41, supported by 13 Buy ratings versus one Strong Sell. This government mandate is perceived as a significant advancement for the advanced nuclear industry, increasing investor interest and market momentum.
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