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Jensen Huang, CEO of Nvidia, appeared on Joe Rogan’s podcast on October 3, 2023, discussing the potential role of nuclear energy in the artificial intelligence (AI) industry. He emphasized that nuclear power could alleviate the current power supply challenges in AI computing, predicting that “in the next six, seven years,” there will be a significant number of small nuclear reactors in operation.
Following Huang’s remarks, shares of NuScale Power (NYSE: SMR) surged by 15.5% as of 2:52 p.m. ET on October 4, 2023, extending an 11% gain from the previous trading day. However, Huang cautioned that investing in NuScale Power carries high risks due to its speculative revenue generation, suggesting investors might prefer nuclear energy exchange-traded funds (ETFs) as a safer alternative.
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