Why NuScale Power Corp. (SMR) Went Up On Tuesday

We recently published a list of Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks. In this article, we are going to take a look at where NuScale Power Corp. (NYSE:SMR) stands against other Tuesday’s best-performing stocks.

The stock market bounced back on Tuesday, erasing losses in the previous day, as investors snapped up shares on news that the US-China trade tensions could possibly subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

On Tuesday, news reports said that US Treasury Secretary Scott Bessent believed there would be a de-escalation between the US and China, describing future negotiations as a slog that has not started yet. The news buoyed trading in several financial markets, including cryptocurrency, with Bitcoin jumping 5 percent to trade above the $91,000 level.

The rally spilled over into 10 companies, predominantly Bitcoin miners. In this article, we have listed the 10 top-performing firms on Tuesday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

NuScale Power Corp. (NYSE:SMR)

NuScale Power saw its share prices rise by 10.63 percent on Tuesday to finish at $15.09 apiece as investors placed bets on producers of alternative energy sources following President Donald Trump’s imposition of hefty tariffs on solar panel imports.

On Tuesday, Trump said he would slap as much as 3,521-percent tariffs on solar panel imports from Thailand, Cambodia, Vietnam, and Malaysia following a year-long trade case filed by American companies accusing Chinese firms with factories in the said Southeast Asian countries of shipping panels priced below their cost of production, owing to unfair state subsidies.

SMR, a leading small modular reactor technology, may benefit from the imposition as it could push utilities, industries, and developers to set their sights on cheaper alternative energy sources such as SMR technologies.

Demand would be further complemented by the booming artificial intelligence in the country, on expectations that AI data centers would require more energy to power operations.

Overall, SMR ranks 9th on our list of Tuesday’s best-performing stocks. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SMR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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