Oracle’s Ellison sees AI infrastructure spend powered by nuclear, Barron’s says

Oracle (ORCL) founder Larry Ellison said on the company’s latest earnings call that he remains optimistic about the sustainability of the latest wave of AI model training infrastructure spend, with the boom potentially powered by nuclear energy, Tae Kim of Barron’s reports. “If your horizon is over next five years, maybe even the next ten years I wouldn’t worry about it,” Oracle’s founder, chairman, and chief technology officer said. “This business is just growing larger and larger and larger. There is no slowdown or shift coming.” “The location and the power place we’ve located,” he added. The company “already got the building permits for three nuclear reactors. These are small modular nuclear reactors to power the data center. This is how crazy it’s getting.” Shares of Nuscale Power (SMR), which makes small modular reactors, are up 4.8% in afternoon trading.