Daily
AI Infrastructure Daily: everything that happened across chips, memory, power, data centers and financing in a 3-minute read, every weekday. Free. Read today's →
NVDA$166.2−4.34%TSM$405.5−1.90%SK hynix₩1,254,000−1.80%Samsung Electronics₩208,000+0.97%MU$798.4−1.59%ASML$1,497.1−2.43%AVGO$364.4+5.54%LITE$624.6−3.61%COHR$232.1−1.04%ANET$206.6+5.06%GEV$818.5+1.27%ETN$359.0−0.44%VRT$209.6+1.52%CEG$282.4+2.79%VST$134.5+0.79%PWR$606.2−0.29%HD Hyundai Electric₩421,000+3.95%MP$37.45+1.96%FCX$60.45−2.69%CCJ$71.78−3.42%MSFT$523.0+0.36%META$623.6−0.82%CRWD$229.9+0.35%SMH$501.7−1.03%SPY$757.1−0.35%
US / UK / Canada · Power & Cooling

Small Modular Reactors

Small reactors promise factory-built firm power, but first-of-a-kind licensing, HALEU fuel and forging capacity push meaningful volume into the 2030s.

HALEU fuel→Forgings→Licence→Module
42
Tightness score ⓘ
#54 of 56
■ Stable
Supply concentration3
Lead time5
Capex intensity5
Geopolitical exposure3
Pricing power2
Lead time
60–120 mo
Theme 1M
−10.1%
% in uptrend
0%
Metric to watch

NRC licensing milestones, first-concrete dates, and HALEU supply agreements.

What would prove us wrong

Strengthens if a first unit reaches commercial operation on schedule and on budget.

SMR theme performance

Equal-weight · rebased 100 · 1Y
Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

StockRoleListingLast1D1M3MYTDOff 52w highTrendNext earnings
OKLO
Oklo
Advanced fission developer NYSE
US
$24.45 −5.45% −15.8% −44.9% −65.9% −78.1% 2026-11-06
SMR
NuScale Power
Licensed SMR design NYSE
US
$4.82 −7.84% −17.3% −48.7% −66.0% −81.4% 2026-11-05
BWXT
BWX Technologies
Naval reactors, fuel and components NYSE
US
$124.0 −1.34% −7.8% −28.3% −27.9% −47.8% 2026-11-02
RR.L
Rolls-Royce
SMR programme plus power systems LSE
UK
1,369.6p +2.01% +0.6% −11.1% +19.1% −12.8% —