'Amazon Seeks To Offload $8bn of Nvidia Chips To Investors' - FT
https://www.ft.com/content/97d8d346-519e-48fb-8df8-66cf5f12ef62?syn-25a6b1a6=1
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On Wednesday, Amazon signed a 20-year nuclear power deal with Constellation Energy to meet rising AI-driven electricity demand.
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Bill Ackman shares his thoughts on how AI has made investments tougher to gauge.
Amazon announced a 20-year nuclear power deal with Constellation Energy, investing $3 billion to expand an existing nuclear facility. This demonstrates that major AI companies are willing to work through traditional utility operators to scale regional power production, which is positive news for NuScale Power, a small modular reactor company targeting utility companies.
X-Energy, a small modular reactor (SMR) developer, went public at $23 per share in April 2026 but has since dropped to $14, trading 40% below its IPO price. While the company has secured major deals with Amazon and Dow, it faces significant challenges including unproven TRISO fuel technology, regulatory hurdles with the NRC, and a premium valuation at 19x sales despite ongoing losses. The analyst recommends avoiding X-Energy in favor of more established nuclear players like BWX Technologies.
Tencent signs a $7 billion Oracle lease for 100,000 AI chips in Southeast Asia, boosting AI models and agentic tools.
Google struck a deal with Georgia Power to fund nuclear plant upgrades at Vogtle and Hatch facilities, adding 96 MW of capacity to support new data centers. GE Vernova and Brookfield Renewable are positioned to benefit from the upgrades through their nuclear technology and services divisions, though regulatory approval and multi-year timelines remain.