NuScale Power (SMR) Soars to New High Ahead of Earnings

We recently published Rally Alert: 10 Stocks That Just Made Investors Richer. NuScale Power Corporation (NYSE:SMR) is one of the best-performing stocks on Thursday.

NuScale Power extended gains to hit a new all-time high on Thursday as investors repositioned portfolios ahead of the release of its second quarter earnings performance.

At intra-day trading, NuScale Power Corporation (NYSE:SMR) rallied to a new record high of $52.86 before traders sold early positions to end the day just up by 6.65 percent at $51.03 apiece.

According to the company, it is scheduled to release its financial and operating highlights for the April to June period after market close on August 7, 2025.

Investors will be closely watching for any cues on deals with companies and updated business outlook following President Donald Trump’s signing of an executive order in May this year, which aims to quadruple the nuclear power industry in the US to 400 GW by 2050.

NuScale Power Corporation (NYSE:SMR), alongside the broader industry, currently earns a highly optimistic outlook from analysts, with the nuclear sector expected to be a key driver of the booming AI.

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.