PALM BEACH, Fla., Jan. 14, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global carbon fiber market has been growing substantially in recent years and is poised to continue in the years to come. The carbon fiber market is driven by the material's advantageous properties and strong demand across diverse sectors. One significant driver is the growing need for lightweight and high-strength materials in the automotive and aerospace industries. Carbon fiber is renowned for its high strength-to-weight ratio, which makes it ideal for manufacturing lighter vehicles and aircraft. This results in increased fuel efficiency and reduced emissions, aligning with global efforts to meet sustainability goals and reduce environmental impact. In aerospace, the use of carbon fiber components contributes to reduced fuel consumption and enhanced aircraft performance, making it highly valued for modern aircraft and spacecraft design. A report from Grand View Research said that the global carbon fiber market size was estimated at USD $5.75 billion in 2024 and is projected to grow at a CAGR of 10.9% from 2025 to 2030. It continued: “This growth can be attributed to the rising use of carbon fiber in wind energy applications, driven by the global shift toward renewable energy. As countries aim to reduce their dependence on fossil fuels, the demand for wind turbines is increasing, and carbon fiber's strength and durability make it ideal for turbine blades. Carbon fiber allows for longer and more efficient blades that capture more wind energy, thus improving the efficiency of wind farms.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), NuScale Power Corporation NYSE: SMRNYSESMR)(NASDAQ: NNENASDAQNNE, Oklo Inc. (NYSE: OKLONYSE), NVIDIA Corporation (NASDAQ: NVDANVDA).
As the world transitions to cleaner and more sustainable energy solutions, nuclear power is experiencing a resurgence as a key player in the energy sector.
OpenAI CEO Sam Altman-backed nuclear power startup Oklo Inc. received an outperform rating from Wedbush Securities, marking another milestone in its push to power the artificial intelligence revolution through advanced nuclear technology.
The top nine mid-cap stocks from the last week are: Quantum Computing Inc., BlackBerry Limited, IonQ, Inc., Rigetti Computing, Inc., SoundHound AI, Inc., Xometry, Inc., Lucid Group, Inc., Oklo Inc., and Azenta, Inc.
Oklo Inc (NYSEOKLO) shares are trading higher Wednesday. The Sam Altman-backed nuclear startup announced a large agreement to provide advanced nuclear power for an AI, cloud and data center provider.
Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), an advanced nuclear technology company, and Switch, a premier provider of AI, cloud and enterprise data centers, have signed a non-binding Master Power Agreement (“Master Agreement”) to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. This is one of the largest corporate clean power agreements ever signed. The Master Agreement establishes a framework for collaboration, with the expectation that individual binding agreements will be finalized as project milestones are reached.
The recent 7% pullback in the utility sector, led by declines in top-performing nuclear stocks, raises the question: Time to buy the dip in nuclear stocks?
A look at the detailed price volume analysis on S&P 500, Nasdaq 100, Dow Jones & Russell 2000, Gold & silver futures, Bitcoin, Crude oil futures, and Dollar index.
Bernard Looney, former CEO of oil and gas giant BP said on Sunday that he will join AI data center start-up, Prometheus Hyperscale, as the chairman of the board of directors.
The top performers in the last week were Lemonade, Inc., Archer Aviation Inc., C3.ai, Inc., Oklo Inc., Applied Digital Corporation, Unity Software Inc., Nebius Group N.V., NuScale Power Corporation, and Hims & Hers Health, Inc.
