AI Power Demand Surges but Bank of America Defers SMR Adoption to 2030s

Despite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups. — bearish pressure on OKLO.

Despite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups.

• SummaryDespite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups.

• OKLODirect directional or hedged short

Illustrative, not advice

• OKLO price vs. pre-event level
• OKLO volume vs. 20-day average

Despite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups. — bullish pressure on VST.

Despite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups.

• SummaryDespite commentary from Nvidia CEO Jensen Huang noting that artificial intelligence workloads will necessitate 1,000 times more electrical power, early-stage small modular reactor developers continue to experience sharp share price declines. NuScale Power equity has slumped 67% across 2026, declining from $15 to below $5 per share as power purchase agreements face protracted delays. Sell-side analysis from Bank of America indicates that commercial SMR adoption will not achieve scale until the 2030s to 2040s due to extensive regulatory validation and capital project lead times. This timeline mismatch redirects near-term hyperscaler data center power procurement toward established merchant generators like Vistra and GE Vernova rather than developmental nuclear startups.

• VSTDirect directional exposure

Illustrative, not advice

• VST price vs. pre-event level
• VST volume vs. 20-day average