Tech giants explore nuclear power for AI needs, boosting nuclear firms' stocks despite warnings of potential "greenwashing."

Major tech firms like Google, Amazon, and Microsoft are exploring nuclear power to meet their rising energy needs due to AI, leading to significant stock growth in companies like NuScale, Oklo, and Nano Nuclear. However, Josh Wolfe of Lux Capital warns that this interest may be more about "greenwashing" to meet carbon commitments rather than a genuine shift to nuclear. Wolfe predicts economic disappointment and advises caution in investing in small modular reactors, preferring traditional nuclear power.

3 months ago
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