NEWS: AI backlash is weighing down nuclear stocks. 📉

A turn against nuclear? Earlier this month, Holtec announced the launch of its IPO, and it hoped to raise up to $900M. Now, the nuclear powerhouse is retreating. Why? In an interview with the Financial Times, Holtec CEO Kris Singh cited the “market’s sharp turn against the AI data centre economy” in recent weeks. Other nuclear stocks aren’t doing so hot, either. 

Meanwhile, on the fusion front: TVA, the state of Tennessee, and the UK are collaborating to “accelerate the commercial deployment of fusion energy.” The trio aims to strengthen supply chains and advance manufacturing…but it’s still early days for this nascent nuclear source.