US Stock Market Move | Nuclear concept stocks surged, NuScale Power (SMR.US) rose more than 12%.

On Wednesday, stocks in the nuclear power sector surged, with NuScale Power (SMR.US) rising more than 12%, Centrus Energy (LEU.US) up over 8%, Oklo Inc (OKLO.US) gaining nearly 8%, and Uranium Energy (UEC.US) rising more than 6%. In terms of news, the US military announced a major plan on Tuesday to deploy small reactors at army bases across the country where power is tight and it's difficult to meet the increasing energy demand. This is one of the most significant advancements in the field of modern nuclear energy to date. The plan, called "Janus," aims to equip each base with micro-reactors by 2028 - these micro-reactors have a capacity of less than 20 megawatts, which can typically meet the electricity needs of a small town. Although their power output is only a fraction of large modern reactors, micro-reactors are small in size and can be transported and moved by container ships or aircraft.