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Nuclear power plays Oklo and NuScale are under pressure as public sentiment around data center expansion cools. Investors who rode the AI infrastructure wave into these names are now reassessing, with demand assumptions softening and the political mood around large-scale power builds shifting noticeably.
Turning to insider activity, PagerDuty's chief executive offloaded just under twenty-nine thousand shares at twelve dollars and nineteen cents apiece, walking away with roughly three hundred fifty-two thousand dollars. The sale came even as the stock edged higher, which tends to draw attention — executives selling into strength is a signal the market watches closely, even when the dollar amount is relatively modest.
And in the small nuclear space more broadly, the data center backlash story matters beyond just Oklo and NuScale. These companies built their bull cases on insatiable power demand from hyperscalers. If that narrative loses momentum, the re-rating could be swift and unforgiving, given how much forward optimism is still baked into both valuations.
That's the tape. Markets Desk, signing off the floor.
