New York, May 6, 2026, 15:06 (EDT)
- NANO Nuclear and Super Micro Computer have agreed to a non-binding MOU, with plans to assess the potential for on-site nuclear energy at AI data centers.
- NNE surged roughly 24.6% by mid-afternoon in New York. Supermicro moved higher, too, following a better-than-forecast outlook.
- This deal remains in the exploratory phase—there’s no signed customer contract, no revenue forecast, and no reactor approval at this point.
NANO Nuclear Energy Inc. said Wednesday it’s entered a non-binding memorandum of understanding with Super Micro Computer Inc., targeting the use of NANO’s microreactors as a power source for AI data centers. The collaboration would look at integrating NANO’s KRONOS MMR energy system alongside Supermicro’s server racks, AI hardware, cooling solutions and support services.
The deal comes as power supply is tightening for the AI sector. On Wednesday, Reuters reported that Microsoft is considering pushing back or even scrapping its 2030 clean-power matching target, pressured by surging data-center demand. Exelon, for its part, has increased its capital spending plan, pointing directly to robust power needs and the expansion of data centers.
NANO sees the deal as a potential entry point to hyperscale, enterprise, and edge data-center markets—well ahead of any commercial reactor rollout. The memorandum of understanding, or MOU, just lays out a framework for talks and collaboration; it doesn’t lock in a supply contract.
NANO jumped 24.6% to $28.37 by 18:49 UTC, putting its market cap around $1.41 billion. Supermicro tacked on 21.4% to close at $33.78. Other advanced nuclear stocks moved higher as well: NuScale Power advanced 12.0%, Oklo climbed 13.9%.
Supermicro delivered a fresh jolt of its own, posting fiscal Q3 net sales of $10.2 billion. Looking ahead, the company projected fourth-quarter sales between $11 billion and $12.5 billion. CEO Charles Liang put it plainly: the shift to a full-scale datacenter infrastructure provider is picking up speed.
Jay Yu, chairman and president of NANO, described AI as “fundamentally an energy challenge.” CEO James Walker said the companies are working toward “compute and power becoming a unified solution”—echoing what data-center operators across the industry are after: a dedicated electricity supply, sidestepping grid delays. GlobeNewswire
KRONOS MMR, built by the company, is a micro modular reactor aimed at delivering nuclear energy on a much smaller scale than standard plants. On March 31, the University of Illinois Urbana-Champaign announced that its Grainger College of Engineering filed a construction permit application with the U.S. Nuclear Regulatory Commission. The move comes in partnership with NANO, as they seek to bring a KRONOS reactor to the university’s campus.
NANO is still in its early days. According to its latest quarterly filing, the company had brought in no material revenue from inception through Dec. 31, 2025, with losses totaling $64.0 million. Management said more funding will be needed as reactors progress toward commercialization. Cash and cash equivalents stood at roughly $578 million at the close of 2025.
Execution remains the biggest question mark. NANO acknowledged in the MOU filing that there’s no guarantee it will progress to binding deals or any revenue-making projects. The company pointed to regulatory hurdles, design and testing requirements, the risk of going over budget, a need for more funding, and the timing for commercial rollout as ongoing sources of uncertainty.
So, investors get a simpler narrative, but the business case remains untested. The Supermicro deal hooks NANO Nuclear Energy into the hot AI power demand trend. Still, the real challenge is coming: moving from an early-stage agreement to actual licensed hardware, signed customers, and bringing in revenue.
