Amazon-Backed (AMZN) X-Energy Secures First U.S. Nuclear Fuel License in 50 Years
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X-Energy Reactor, backed by Amazon, has secured the first U.S. nuclear fuel license in over 50 years, allowing it to manufacture uranium fuel for nuclear reactors. The license is valid for 40 years and enables production at two Tennessee facilities, starting in 2028. This approval is seen as a significant step towards enhancing U.S. energy security and supports Amazon's strategy to power AI data centers with clean nuclear energy. AMZN stock holds a consensus Strong Buy rating among analysts, with a target price suggesting a 41.93% upside.
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