After experiencing a significant surge on Wednesday, NuScale Power Corporation (NYSE:SMR) stock is trading lower, down over 5% on Thursday. Yesterday, nuclear stocks soared following Amazon.com, Inc.

As a result, the stock rose to a new all-time high in morning trading, and was up 31.6% as of 12:36 p.m. ET. The Amazon news also sent shares of Fluor ( FLR 7.17%), a major investor in NuScale, up by 7.2%.

NuScale Power traded 40.01% higher to close at $19.07. That price reflects new all-time highs for NuScale Power. Shares of NuScale are also trading 64% higher for the month of October. This is as numerous AI companies announced investments in nuclear development.

ASML extends losses after cutting sales guidance, Nvidia stock rises, and third-quarter earnings at Morgan Stanley top analysts’ estimates, sending the stock up sharply.

Some exciting news from a peer company breathed life into shares of NuScale Power (NYSE: SMR) on the first business day of the week. Investors piled into NuScale stock, sending it more than 6% higher in price across the trading session.

The stock market is trading higher midday, recovering from Tuesday’s losses. The S&P 500 gained 0.29%, while the tech-heavy Nasdaq Composite ticked up 0.11%. The Dow Jones Industrial Average rose 0.56%,

The Dow Jones Industrial Average was higher at midday Wednesday as strong earnings reports offset continued worries about the semiconductor sector. The S&P 500 and Nasdaq were little changed.