Key HighlightsX-Energy shares surged 4.8% during extended trading Tuesday following Bloomberg’s confirmation of the company’s role in a Trump-backed nuclear energy initiativeA $200 million federal program seeks to expedite advanced nuclear reactor deployment for powering artificial intelligence infrastructureTech giants Microsoft and Nvidia are partnering in the initiative along with X-Energy and OkloIndustry competitor Oklo saw shares climb 6.31% to $46.50 during after-hours trading on identical newsThe Department of Energy planned to officially unveil the program on WednesdayShares of X-Energy experienced a significant after-hours rally Tuesday, climbing 7.22% to reach $16.79 following Bloomberg’s report that the nuclear technology company secured a spot in a Trump administration-supported $200 million federal initiative aimed at fast-tracking nuclear reactor development specifically for artificial intelligence data centers.X-Energy, Inc. Class A Common Stock, XEIndustry competitor Oklo saw similar momentum, with shares advancing 6.31% to $46.50 during the same extended trading session in response to the announcement. Meanwhile, broader market futures trended lower Tuesday evening, providing no tailwind for the nuclear sector gains.The Department of Energy is spearheading this initiative and was scheduled to publicly announce the program Wednesday. Bloomberg reported details after reviewing documentation that verified both X-Energy and Oklo’s involvement.BREAKING: The Trump administration is preparing to launch a $200M initiative with Oklo, X-energy, Microsoft and NVIDIA to help scale the deployment of advanced nuclear reactors for data centers, Bloomberg reports.— Atoms Not Bits (@AtomsNotBits) July 21, 2026This program extends well beyond the nuclear reactor companies themselves. Technology powerhouses Microsoft and Nvidia have also joined the effort, bringing together AI industry leaders with next-generation reactor developers under a unified government-sponsored framework.Some of the $200 million allocation will support DOE national laboratories and prominent research universities. This collaborative approach involving multiple stakeholders has captured Wall Street’s interest, with several equity analysts maintaining Buy recommendations on X-Energy accompanied by price targets significantly above current trading levels.Nuclear Energy’s Role in Powering AI InfrastructureAdvanced nuclear power has emerged as a compelling solution to the electricity challenges spawned by artificial intelligence expansion. Data center facilities demand substantial quantities of reliable, continuous power supply, and nuclear energy provides baseload capacity while producing zero direct carbon emissions.This unique value proposition has accelerated tech industry movement toward nuclear partnerships, ranging from agreements to reactivate dormant facilities to increased capital deployment in small modular reactor innovations.X-Energy’s Xe-100 small modular reactor technology represents the cornerstone of the company’s commercial strategy and is positioned to gain significantly from a government program specifically engineered to compress deployment schedules.Addressing the Data Center Electricity ChallengeAccording to reports, the $200 million initiative emerged from growing concerns that the massive data center expansion driving AI development has contributed to rising electricity costs nationwide.By integrating technology leaders like Microsoft and Nvidia with advanced reactor developers, the administration is demonstrating its position that nuclear energy represents a fundamental solution to this infrastructure challenge rather than a marginal alternative.The scheduled Wednesday DOE announcement maintained investor attention on X-Energy as a primary beneficiary entering the trading day.During after-hours trading at the time of this report, X-Energy advanced 7.22% to $16.79, while Oklo gained 6.31% to reach $46.50. Wall Street analysts maintaining Buy ratings have identified the Xe-100 development pipeline as a significant long-term advantage in the context of government-facilitated nuclear deployment acceleration.The post X-Energy (XE) Stock Surges on Trump’s $200M Nuclear Energy Initiative for AI Infrastructure appeared first on Blockonomi.