Jensen Huang Says AI Needs 1,000 Times More Power. Here's Why Oklo and NuScale Power May Still Suffer.

While AI demand for energy remains strong and Jensen Huang states AI needs 1,000 times more power than currently available, small modular reactor (SMR) companies Oklo and NuScale Power face significant headwinds. Bank of America estimates meaningful SMR adoption won't occur until the 2030s-2040s, while both companies remain unprofitable and have diluted shareholders through stock issuances. Capital availability concerns and competition from cheaper alternatives like solar and natural gas threaten the investment thesis for these SMR stocks.