In its collaboration with Energy Northwest in Washington, Amazon will aid in developing four advanced SMRs to generate up to 960 MW of clean energy, sufficient to power over 770,000 homes. Amazon is also investing in X-energy, a leader in next-generation SMR reactors, whose technology will be used in this project.

Furthermore, Amazon has partnered with Dominion Energy in Virginia and Talen Energy in Pennsylvania to power its data centers with nuclear energy, promoting its commitment to a reliable energy future.

The Zacks Consensus Estimate for the company’s 2024 earnings has moved north by 2 cents to $5.19 per share over the past 30 days. AMZN shares have gained 46.9% year to date.

Alphabet– This Zacks Rank #3 (Hold) stock and the parent company of Google is a global leader in AI innovation, developing cutting-edge technologies that span from AI-driven search engines to advanced machine-learning models. As the demand for AI grows, Alphabet is now focusing on ensuring that its data centers have access to reliable energy sources.

GOOGL has recently announced a deal with nuclear startup Kairos Power to purchase 500 megawatts of electricity from seven SMRs by 2025. The move marks a major step in Alphabet’s strategy to integrate nuclear energy — a clean and scalable solution — to power its AI infrastructure.

The Zacks Consensus Estimate for the company’s 2024 earnings has been steady at $8.02 per share over the past 30 days. GOOGL shares have risen 35% year to date.

Microsoft– This Zacks Rank #3 stock has been at the frontline of AI development, pioneering advancements in conversational speech recognition, machine translation and natural language understanding. Their AI models, like Turing and Azure, have set new standards in the industry.

To support the rising energy demands of AI, MSFT is also embracing nuclear energy solutions. In late 2024, Microsoft entered into a 20-year agreement with Constellation Energy to revive the Three Mile Island nuclear plant in Pennsylvania. The $1.6 billion investment aims to restart the reactor, which has been dormant since 2019, to provide carbon-free electricity for Microsoft’s expanding data centers.

The Zacks Consensus Estimate for the company’s fiscal 2025 earnings has been steady at $12.93 per share over the past 30 days. MSFT shares have risen 16.3% year to date.

Meta Platforms– This Zacks Rank #3 stock, the parent company of Facebook, Instagram and WhatsApp, uses AI-driven technologies to improve its platforms, upgrade user experience and build new services. With its data centers powering these services, META is adopting nuclear energy to meet its growing energy needs and further its AI goals.

Meta Platforms has recently announced its plan to release a Request for Proposals (RFP) to identify nuclear energy developers that are capable of adding 1-4 gigawatts of new nuclear generation capacity in the United States, starting in the early 2030s. By partnering with developers to build nuclear power plants, META aims to have a diversified electric grid to support its data centers and continue its AI-driven innovations while also contributing to a sustainable energy future.

The Zacks Consensus Estimate for the company’s 2024 earnings has moved north by 0.4% to $22.68 per share over the past 30 days. META shares have gained 68.2% year to date.

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