X-Energy's stock soared 9.66% in pre-market trading, extending its powerful rally following the company's recent Nasdaq debut.

The surge is driven by continued momentum from X-Energy's blockbuster initial public offering (IPO). The company priced its offering significantly above its initial target range, raising approximately $1.02 billion. The IPO was oversubscribed by more than 15 times, indicating exceptionally strong investor demand and leading to a sharp first-day gain.

Investor enthusiasm is further fueled by the company's strategic positioning and key backers. X-Energy specializes in small modular nuclear reactor technology and advanced nuclear fuel, targeting the growing demand for zero-carbon, reliable power from the artificial intelligence and data center boom. Amazon, a major pre-IPO investor and customer with a commitment for over 5 gigawatts of nuclear capacity, provides significant commercial visibility and credibility to the company's long-term prospects.