NuScale Power (NYSE: SMR) is positioning itself to capture a multi-trillion-dollar opportunity driven by the rapid expansion of artificial intelligence and data center infrastructure.

The nuclear energy company specializes in small modular reactors (SMRs), which offer advantages over conventional nuclear power plants including lower cost, enhanced safety, and smaller physical footprints.

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Why SMRs Fit AI Data Center Needs

Bank of America analysts highlight five key benefits of SMRs: affordability, safety, modularization, smaller footprints, and reduced CO2 emissions.

These characteristics make SMRs well-suited to address the surging energy requirements of AI data centers, which need reliable and scalable power sources.

According to Bank of America research, the total addressable market for SMR technology could reach several trillion dollars, far exceeding NuScale's current market capitalization of $4.1 billion.

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Recent Project Progress and Stock Performance

During NuScale's latest earnings call on May 7, 2026, the company reported positive developments on key projects.

Shareholders of SN Nuclearelectrica SA approved the next phase of NuScale's RoPower SMR project in Romania.

Additionally, planning for the largest nuclear power deployment in U. S.

history—a collaboration between NuScale, ENTRA1, and the Tennessee Valley Authority—continued without major hurdles.

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Despite these updates, NuScale stock has fallen 10% since the earnings report and remains 79% below its highs from last summer.

The decline reflects investor concerns about the long timeline before SMR projects generate revenue, as both the Romanian and American deployments are years away from completion.

NuScale's stock drop also follows a broader trend, with shares plunging 75% earlier as the startup sought its first nuclear reactor sale.

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Nevertheless, the company's focus on AI-driven energy demand positions it for substantial long-term growth if its projects succeed.