Nuclear Stocks Jump ; Applied Digital Soars; Credo Technology Surges
On this episode of Stock Movers:
- Constellation Energy (CEG) agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc., a deal that could spur construction of a new reactor at the site as artificial intelligence sends power demand soaring. The parent company of Facebook, Instagram and WhatsApp signed a 20-year contract to buy the output from the Clinton plant starting in mid-2027, when a state subsidy expires, according to a statement Tuesday. Constellation, the biggest US nuclear operator, declined to provide financial details.
- Applied Digital (APDL) shares rise as much as 45% on Monday, in biggest intraday jump since September, after the company entered into two lease agreements with CoreWeave in North Dakota. Shares in CoreWeave climb as much as 11%.
- Credo Technology (CRDO) shares advance 13% in premarket trading after the company reported revenue for the fourth quarter that beat the average analyst estimate.
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Business Ideas
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