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Big Tech's Nuclear Energy Nightmare

Two nuclear energy deals have been thwarted recently, and it could make it harder for big tech to build AI infrastructure.

By Travis Hoium – Nov 6, 2024 at 12:23PM EST

Meta Platforms (META 3.91%) and Amazon (AMZN 3.89%) have made plans to add nuclear energy to their energy consumption as they build new artificial intelligence (AI) data centers. But two plans were stalled by regulators recently. In this video, Travis Hoium dives into why these deals didn't go through and where these companies go from here.

*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 5, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in NextEra Energy Partners. The Motley Fool has positions in and recommends Amazon and Meta Platforms. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$526.14
(-3.91%)-$21.40
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$199.34
(-3.95%)-$8.20
XPLR Infrastructure Stock Quote
XPLR Infrastructure
NYSE: XIFR
$10.24
(+1.59%)+$0.16

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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