Amazon goes nuclear, to invest more than $500 million to develop small module reactors

CNBC's Diana Olick joins 'Squawk Box' with the latest news from Amazon.

[rhenderson]

Nuclear power plants generate seemingly "clean" electricity. The glitch in such clean locales belies the nuclear waste issue. Nuclear waste is not clean nor reasonably close to biodegradable. At best, 'storage sites' hold this waste until such time as the public becomes aware, then transferred to another...remote...storage site.

With private sector nuclear plants gaining "investment" popularity, this would seem to be the time to mandate private sector initiatives be made in nuclear waste disposal. Storage is an inadequate process.

As certain as has been experienced in coal fired, in petrochemical refining, and marine vessel contamination, "disposal" of end product waste becomes a "social" cost, gains accumulating to the profit sector.

Tying nuclear disposal costs and disposal responsibility directly to private sector/profit is not an illogical requirement.

[weirdshibainu]

Nevada should invest in a couple of these plants and sell the power to the surrounding states.

[Why.Just_why]

Nuclear energy owned and used by big tech corporations sounds like the prologue of a post apocalyptic video game 💀

[stargazer]

When SMR's are perfected and big tech companies invest in them for their large language models and compute power they will become the largest producers of energy and sell excess energy back to utility providers giving them yet another billion dollar revenue stream. These companies are going to continue to get bigger and more profitable!

[Hofftimusprime]

This is what’s disturbing. Energy demand is not coming from individuals but businesses. So they tell us to use less power, reduce your heat and air power your consumption but they are eating up all the energy building data centers we truly dont need. This all fulfills whose vision for the future? Improves whose lives? We want to be able to raise a family, eat healthy food and provide for ourselves and were told over and over that everything is scarce and we need to change the way we think and believe.

[UMS]

Data companies are going nuclear (pun intended)

[donaldharlan]

Amazon is not investing in nuclear reactors. 🍄 Those people are not from Amazon.

[carlosgamez]

Can we talk about how Amazon is the only one pushing for nuclear innovations like this? This actually sounds really cool like what if every major city had one of these as their power source

[WarNPeace-ph]

Not New Technology
Investment Opportunity

[sungjane]

Taiwan need this to replce the solar power (Xinjiang-made)

[willtwain]

Will tax payers pay for Amazon's SMRs?

[mgvable]

That was the plan from the beginning Get nuclear cheap by pushing green energy then nuclear was out of favor go in buy cheap. All you dumb green new deal investors got screw over. Pure genius. Lol lol.

[Mando_Trucker]

What could go wrong 😅 it's safe until it's not.

[HieouyaAgnèsDoyo]

!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated