X-Energy's stock plummeted 5.29% during intraday trading on Monday, continuing a pattern of high volatility for the nuclear energy company.

The decline is attributed to sustained profit-taking pressure from early investors, including Ares Management and Ken Griffin, who hold significant paper gains following the company's landmark IPO. X-Energy listed on Nasdaq on April 25 with an IPO price of $23, raising over $1 billion in what became the largest nuclear energy IPO in history.

Despite long-term strategic backing from Amazon, which holds nearly 20% of shares and has committed to over 5 GW of Xe-100 nuclear projects, the company remains in a pre-revenue stage with annual revenue of approximately $110 million against a net loss of $390 million. The gap between the company's current financial performance and its elevated post-IPO valuation continues to amplify selling pressure as early stakeholders lock in gains.