A group of major energy users have signed a pledge to support tripling global nuclear power capacity by 2050. Nuclear power is seeing a resurgence in popularity thanks in part to significant growth in power demand due to AI.

"We are truly at the beginning of a new industry," U.S. Energy Secretary Chris Wright told Reuters in an interview at the CERAWeek conference on Tuesday. The pledge is expected to

Among companies and banks pledging their support Wednesday to increase the world’s nuclear energy capacity — Amazon, Meta, Google, Goldman Sachs, Morgan Stanley and Bank of America.

Four energy stocks power gains for the S&P 500 as the market endures another tough week. Amazon, Google, more make nuclear energy pledge.