NuScale Power Positioned for Long-Term Growth Amid AI Energy Surge

NuScale Power (NYSE: SMR) is emerging as a key player in the Small Modular Reactor (SMR) space, currently trading at a market capitalization of approximately $4 billion. This valuation stands in contrast to the broader energy landscape, where the demand for carbon-free, baseload power is accelerating. The surge in artificial intelligence (AI) is driving an unprecedented need for electricity to power massive data center infrastructures. Industry projections suggest that up to $7 trillion could be invested globally in data center build-outs over the coming years, positioning nuclear energy as a critical solution for meeting this energy intensity. According to Bank of America, the total nuclear opportunity over the next 30 years is valued at roughly $10 trillion. Within this sector, the SMR market—NuScale's primary focus—is estimated to have a $1.5 trillion opportunity. NuScale's strategic approach focuses on utility-scale deployments, distinguishing it from competitors like Oklo, which targets smaller, bespoke infrastructure projects. Despite the potential for significant valuation growth, the path to profitability is long. Analysts suggest that meaningful adoption of SMR technology may not materialize until 2030 or 2035. Furthermore, the actual pace of AI infrastructure expansion and the successful deployment of grid-scale reactors remain primary risks for investors.