Meta Platforms Inc.’s flashy deal this week for nuclear power was just the latest sign of the technology industry’s need for more energy — and fast. And while the top US reactor companies are eager to sign more contracts,

Facebook parent Meta announced an unprecedented deal with Constellation Energy, the largest American nuclear power plant operator, cementing Meta’s turn to turn to nuclear energy to power its energy intensive, generative artificial intelligence initiatives, and sending Constellation shares surging.

Constellation Energy (NASDAQ:CEG) -3% in Wednesday's trading as Citi downgraded shares to Neutral from Buy, citing limited near-term upside following the stock’s recent rally and news of its power purchase agreement with Meta.