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Why NuScale Power Corp. (SMR) Went Up On Monday?

We recently published a list of AI Stocks Dominate Monday’s Top 10 Performers. In this article, we are going to take a look at where NuScale Power Corp. (NYSE:SMR) stands against other AI stocks that dominate Monday’s top performers.

The stock market finished mixed on Monday as investors remained cautious over the escalating trade tensions globally, with President Donald Trump threatening to slap China with another 50-percent tariff if the latter does not withdraw a countermeasure.

The Dow Jones declined by 0.91 percent, while the S&P 500 dropped by 0.23 percent. In contrast, the tech-heavy Nasdaq inched up by 0.10 percent.

Meanwhile, 10 companies, predominantly in the Artificial Intelligence sector, bucked an overall market pessimism, posting strong gains during the day.

In this article, we have identified Monday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A Nuclear power plant with all its safety & security protocols in place.

NuScale Power Corp. (NYSE:SMR)

NuScale Power snapped a two-day losing streak on Monday, ending 11.9 percent higher at $14.10 apiece as the company rode the wave in AI stocks amid the ongoing trade tensions globally.

Last week, SMR announced the opening of an Energy Exploration (E2) Center at the University of Nevada, Las Vegas (UNLV).

Co-funded by the US Department of Energy’s Nuclear Energy University Program, the facility features a 12-module SMR control room simulator providing hands-on nuclear science and engineering learning opportunities.

SMR said the new facility would allow students to experience simulated nuclear power plant operations as control room operators while also serving as an outreach platform to the community to demonstrate the benefits of nuclear power.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

This article is originally published at Insider Monkey.