NuScale (SMR) Hits New All-Time High on Advanced Nuclear Development

We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where NuScale Power Corporation (NYSE:SMR) stands against other best-performing stocks on Wednesday.

NuScale Power grew its share prices by 20.41 percent on Wednesday to hit a new all-time high as investors shopped for shares amid the ongoing progress in the adoption of nuclear technology reactors.

NuScale Power Corporation (NYSE:SMR) touched a new all-time high of $41.88 at intraday trading before slightly pulling back to end the day at $41.60.

The rally was likely boosted by the US Air Force’s milestone deal with another small modular reactor (SMR) provider, in line with the United States’ plan to ramp up the adoption of nuclear reactor technologies in the country.

It can be learned that President Donald Trump signed two executive orders last month to ramp up the development of nuclear technologies in the country. One of the orders includes the deployment of advanced nuclear reactor technologies for national security and to support the energy needs of Artificial Intelligence infrastructures such as data centers.

NuScale Power Corporation (NYSE:SMR) is one of the leading SMR companies with projects located globally.

Overall, SMR ranks 3rd on our list of best-performing stocks on Wednesday. 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: 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.