On the 12th morning, shares of domestic nuclear power companies are rising across the board. The gains came after news that Meta signed a large-scale nuclear power contract to secure electricity for its artificial intelligence (AI) data centers.
As of 9:43 a.m. that day, Doosan Enerbility was trading at 87,200 won on the Korea Exchange, up 3,000 won (3.56%) from the previous session. Other nuclear power-related stocks such as Hyundai E&C (11.35%), BHI (4.44%), and KEPCO E&C (2.57%) were also strong.
Earlier, Meta, which operates Facebook, said on the 9th (local time) that it had signed a series of large-scale nuclear power contracts with nuclear power corporations to secure electricity needed to run its artificial intelligence (AI) data centers. It signed contracts with three energy corporations—Vistra, Oklo, and TerraPower—for a total of 6.6 GW (gigawatts) of power through 2035.
Bloomberg said Meta, through the contracts, has become the largest buyer of nuclear power, beating so-called "hyperscaler" rivals including Amazon, Google, and Microsoft (MS).
On the news, Oklo, classified as a nuclear power stock on the New York stock market, jumped nearly 8%, and Vistra Energy also rose 10%.