Oil nearing $120 per barrel is pushing utilities and policymakers to seek stable power costs, highlighting nuclear's advantage in fuel price predictability. Investors historically rotate into uranium and nuclear-related stocks during periods of energy market volatility.

Rapid growth in artificial intelligence infrastructure is driving demand for continuous, reliable power. Small modular reactors developed by NuScale Power are gaining attention as scalable, low-cost solutions for data centers requiring round-the-clock electricity.

NuScale has advanced its SMR technology with ongoing design certification and initial commercial partnerships for a 60 MWe reactor module. The company's progress toward regulatory approval and potential power purchase agreements positions it to benefit from renewed investor interest in nuclear energy.