Nuclear developers and uranium ETFs retreated on Friday as investors trimmed positions, while Holtec International scrapped its IPO, signaling cooling enthusiasm for the AI-linked energy sector.
NuScale Power dropped 7% and is down 40% YTD as the policy-driven nuclear rally reverses.
Oklo fell 5% alongside NuScale, reflecting sector-wide rotation out of nuclear names.
Centrus Energy slid 3%, a milder pullback in the cash-generative uranium enricher amid the nuclear selloff.
The Global X Uranium ETF dropped 2%, confirming the selling is concentrated in nuclear and uranium exposure.
Holtec International cancelled its planned IPO, citing a perfect storm as markets turn against the AI data center economy.
The SPDR S&P 500 ETF fell only 0.1%, indicating the move is sector rotation rather than broad market weakness.
Nuclear energy stocks faced a sharp pullback on Friday, with NuScale Power dropping 7% and Oklo falling 5%. The decline marks a reversal of recent gains spurred by the House passing the Ratepayer Protection Act, as investors rotate out of the sector. Meanwhile, Holtec International cancelled its planned IPO, citing deteriorating market sentiment toward the AI data center economy.
The decline is attributed to sector-wide profit-taking and rotation out of nuclear names following a short-lived rally sparked by the House passing the Ratepayer Protection Act.