NuScale Power (SMR) Surges 157% YTD on AI Boom

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. NuScale Power Corporation (NYSE:SMR) is one of the top-performing mid-cap companies of the first half of the year.

NuScale Power has seen its stock price soar by 157 percent year-to-date, finishing at $46.09 on Wednesday versus the $17.93 closing price in the last trading day of 2024.

Despite experiencing a price volatility along the way, the overall rally was buoyed by a flurry of catalysts, including an expected expansion in the energy sector, primarily driven by the power-thirsty artificial intelligence data centers.

The momentum was further bolstered by President Donald Trump’s two executive orders in May this year aimed at ramping up the deployment of advanced nuclear reactor technologies in the country.

In recent news, NuScale Power Corporation (NYSE:SMR) said it will announce the results of its second quarter financial and operating performance after market hours on August 7, 2025.

In other developments, NuScale Power Corporation (NYSE:SMR) partnered with GSE Solutions for the development of a hydrogen fuel cell generation and storage plant simulation model to support the former’s hydrogen simulator project.

The initiative forms part of the broader research to provide clean water and efficient hydrogen production technologies.

While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.