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FuelCell Energy Inc. (NASDAQ:FCEL) climbed Tuesday after a major nuclear power deal between Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Constellation Energy Corp. (NASDAQ:CEG) gave traders fresh evidence that demand for AI computing power is far from slowing down.

Alphabet signed a long-term agreement for Constellation Energy's nuclear power, which will provide funding for Constellation's expansion. Additionally, Constellation will use Google Cloud and Gemini Enterprise to help boost efficiency.

Constellation Energy TodayCEGConstellation Energy$298.66 +31.04 (+11.60%) As of 03:22 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$228.63▼$412.70Dividend Yield0.57%P/E Ratio29.18Price Target$351.76Add to WatchlistConstellation Energy NASDAQ: CEG shares jumped on Tuesday, Oct. 6, after Alphabet's NASDAQ: GOOGL Google signed two long-term power deals with the nuclear operator.

Vistra just landed a conditional $4.2 billion DOE loan. The deal reveals something much bigger for investors in nuclear energy stocks.

The deal is the largest-ever “uprate” project, one that squeezes more power out of existing reactors, between a nuclear power provider and a tech company.

Alphabet has agreed to buy 20 years of nuclear power from Constellation Energy, covering 890 megawatts of new power that Constellation will spend $4.3 billion to bring online on the PJM grid. Yahoo Finance Host Julie Hyman, Breaking Business News Reporter Jake Conley and Senior Autos Reporter Pras Subramanian break down Big Tech's growing list of nuclear deals, why power has become one of the AI buildout's biggest bottlenecks, why behind-the-meter power may only temporarily ease stress on the grid, and why utility stocks, including Constellation, are lagging the rest of the AI infrastructure trade.

Constellation Energy (CEG) shares are ripping higher on October 6th after management announced a massive clean energy partnership with Google. The agreement will see Google invest in nuclear uprates across 11 of CEG facilities in three states.

The most interesting thing about Constellation Energy Corp‘s (NASDAQ:CEG) latest AI-power deal is not simply that Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google needs more electricity.

Google parent Alphabet Inc. agreed to buy nuclear power from Constellation Energy in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. Ed Ludlow has more on "Bloomberg Open Interest.