Meta and Amazon Halt Nuclear Energy Plans Amid AI Expansion
Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN) are exploring the use of nuclear energy to power their upcoming artificial intelligence (AI) data centers. However, their ambitions have recently hit a snag due to regulatory delays. Travis Hoium discusses the reasons behind these stalled plans and what these tech giants might do next.
*Stock prices referenced are from the end of trading on Nov. 5, 2024. The video aired on Nov. 5, 2024.
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John Mackey, the former CEO of Whole Foods Market, which is part of Amazon, serves on The Motley Fool’s board. Randi Zuckerberg, who previously worked in market development for Facebook and is the sister of Meta Platforms CEO Mark Zuckerberg, is also a board member. Travis Hoium has investments in NextEra Energy Partners. The Motley Fool holds positions in and recommends Amazon and Meta Platforms. Additionally, The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. For more details, see their disclosure policy. Travis Hoium may earn compensation for promoting these services. Subscribing through their link may support their work. All opinions are independent and not influenced by The Motley Fool.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
