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Nuclear Energy Projects 

Meta (META) recently announced deals with numerous energy leaders in an effort to power its operations. The company stated the following: 

"Today, we're announcing landmark agreements that will extend and expand the operation of three nuclear power plants, boost the development of new advanced nuclear technology, and foster job growth in several American communities.

Supporting nuclear energy development strengthens our country's energy infrastructure and helps create a more reliable electric grid, which are key to powering the economy and securing America's energy independence and global leadership in AI. Our agreements with Vistra, TerraPower, and Oklo -- and the one we signed with Constellation Energy last year -- make Meta one of the most significant corporate purchasers of nuclear energy in American history."

Burning Cash

AI startup xAI, founded by Tesla CEO Elon Musk, has been rapidly burning cash, with losses only increasing as it continues to spend to build data centers, recruit staff, and develop software meant to power humanoid robots, Bloomberg's Carmen Arroyo reported, citing internal documents.

The startup reported a net loss of $1.46 billion for the September quarter, up from $1 billion in Q1, with cash burn of $7.8 billion in the first nine months of the year, the author noted.

AI Still the Name of the Game

Meanwhile, Wells Fargo recently lowered the firm's price target on CoreWeave (CRWV) to $125 from $150, while keeping an Overweight rating on the shares. The firm stated it believes that AI is still "the name of the 2026 game."

Wells added that it sees three key ways to play, namely infrastructure, incumbents, and innovation. While adoption will likely be uneven, the secular trend will ultimately drive 2026 performance, it noted.

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