• NANO Nuclear and Super Micro sign an MOU to explore the use of nuclear energy for AI data centers.
• The companies will also jointly target hyperscale and enterprise customers to offer their solutions as a package.
• The move comes amid surging demand for AI compute power, which, in turn, has increased energy demand.

Shares of NANO Nuclear Energy Inc. (NNE) surged nearly 22% on Wednesday after the company signed a memorandum of understanding (MOU) with Super Micro Computer Inc. (SMCI) to explore nuclear energy solutions for servers and data centers that power artificial intelligence.

As part of the collaboration, the companies will look identify opportunities for NANO Nuclear’s and Super Micro’s offerings that would be beneficial for a data center facility.

The move comes amid surging demand for AI compute power, which has driven hyperscalers to pour hundreds of billions of dollars into building data center campuses, leading to a shortage of chips and components and driving high energy consumption.

NNE, SMCI’s MOU In Focus

Among other things, the companies will jointly develop go-to-market strategies, primarily targeting hyperscale and enterprise customers for NANO Nuclear’s microreactors as an energy solution for data centers, as well as Super Micro’s AI server racks and cooling systems.

“The explosive growth of artificial intelligence, cloud computing, and high-performance computing is creating an unprecedented surge in global electricity demand, particularly from data centers that require constant, high-density, and reliable power,” NANO Nuclear said in a statement.

“The AI revolution is fundamentally an energy challenge, and we believe nuclear power is the only scalable solution capable of meeting that demand.”

NNE Stock: Retail Sentiment

On Stocktwits, retail sentiment for NNE remained ‘bullish’ amid ‘high’ message volumes over the last 24 hours.

One user on the platform noted that news is “a big deal.”

Commenting on NNE’s rally, one user earlier in the day wrote that the stock is having a “solid morning.”

NNE stock is up 15.5% so far this year and has risen 10.8% over the past 12 months. Stock is currently on track for its best one-day percentage gains in nearly a year.

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