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Wall Street Breakfast

Nuclear reactors are Google's next stop

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 11 March 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Alphabet looks to meet AI demand with nuclear power. (0;15) Southwest surges after introducing bag fees. (2:34) Trump looking to peruse the Tesla lot. (3:31)

Show Notes
Is this the market bottom?

Episode transcripts: seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

0:10.0

Good afternoon. Today is Tuesday, March 11th, and I'm your host, Kim Kahn. Our top story so far.

0:16.2

Alphabet is looking to lower the cost of building new nuclear reactors by deploying smaller ones

0:20.9

through its deal with Chiris power. President Ruth Porat told CNBC the deal, signed in October,

0:27.4

is part of Alphabet's efforts to meet surging electricity needs to power AI work. The first small

0:33.5

modular reactor under the deal is expected to be brought online by 2030, followed by more

0:38.9

deployments in 2035. Borat highlighted needs to move quickly to build new plants that replicate

0:45.3

the construction process to drive down the cost curve. If we don't start now in a focused way and

0:51.3

replicate a number of them, which is why that Chyrus multi-trunch is an important kind of proof point, we're going to not be able to drive

0:58.1

down the cost curve, she said. Next Energy, CEO John Ketchum, said nuclear energy is unlikely

1:03.9

to become a power solution until 2035 or after. Next year, the world's largest producer

1:09.0

of wind and solar energy, owns five nuclear power

1:11.6

plants.

1:12.6

In today's trading, stocks are choppy after another shakeout, but the VIX volatility

1:18.6

index continues to move to new highs for the year.

1:21.6

The question today is, are buyers starting to see opportunities?

1:24.6

David Morrison, senior market analyst at Trade Nation, says

1:28.5

yesterday's stock market sell-off followed on from last week's negative performance,

1:33.1

yet little has really changed. Non-farm payrolls are fine, and most economic data points

1:37.9

are holding up. Realtale sales were weak, and confidence indicators are a concern. But for now,

1:43.5

the sell-off looks like an overdue

1:44.9

correction, which should reset some over-violated stocks and restore some sanity to the market.

...

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