NuScale (SMR) Ends 8 Straight Gains on Profit-Taking

We recently published 10 Big Names Get Slammed. NuScale Power Corporation (NYSE:SMR) is one of the biggest losers on Monday.

NuScale Power snapped an eight-day winning streak on Monday, dropping 9.57 percent on Monday to close at $45.44 apiece as investors resorted to profit-taking to take advantage of the intra-day rally.

During the session, NuScale Power Corporation (NYSE:SMR) touched a new all-time high of $50.94, but investors turned sellers to pull the company’s price back to the $45 level.

The recent rally can be attributed to the continuous advancements in the artificial intelligence sector, thanks to strong backing from President Donald Trump.

NuScale Power Corporation (NYSE:SMR) is set to announce the results of its earnings performance for the second quarter of the year on August 8.

Investors will be closely watching for any cues of deals with companies following Trump’s signing of an executive order in May that aims to quadruple the nuclear power industry in the US to 400 GW by 2050.

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.