More than £3.5bn wiped off Ford and GM amid warnings over Chinese threat [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
Shares in GM fell as much as 6.4pc, while Ford dropped as much as 5.1pc. Investors sold after Morgan Stanley issued a warning that the carmakers would be among those to struggle to keep up with the Chinese in developing the artificial intelligence software needed for the next generation of cars. The bank said that the capital required to compete in artificial intelligence will require carmakers to find “tens of billions … We question the financial ability of most auto companies to create proprietary AI models to augment their operations”. Morgan Stanley warned that vast factory capacity in China meant the Asian giant would flood global markets. The analysts said that China is already manufacturing nearly 9m units more than it sells at home. The “China capacity ‘butterfly' has emerged and is flapping its wings”, the investment bank warned. “Tariffs will work for a bit but not for long, and there will likely be retaliation and indirect pressure. China-made EVs continue to expan
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SMR
News
- Is NuScale Power a Millionaire Maker? [Yahoo! Finance]Yahoo! Finance
- Why NuScale Power Stock Dropped Today [Yahoo! Finance]Yahoo! Finance
- NuScale Power Co. (NYSE: SMR) is now covered by analysts at Craig Hallum. They set a "buy" rating and a $16.00 price target on the stock.MarketBeat
- Rolls Royce Makes Shortlist for UK's New Mini Nuclear Plants [BNN Bloomberg (Canada)]BNN Bloomberg
- Why Constellation Energy, NuScale Power, Nano Nuclear, and Oklo Stocks All Popped Today [Yahoo! Finance]Yahoo! Finance
SMR
Earnings
- 8/8/24 - Miss
SMR
Sec Filings
- 9/27/24 - Form 4
- 9/25/24 - Form 144
- 9/24/24 - Form 4
- SMR's page on the SEC website