Inside JPMorgan’s Investment Bank, Nuclear Hype Raises Concerns

Inside the investment banking division of JPMorgan Chase & Co., there’s concern that enthusiasm for nuclear energy might have gone too far.

“We’ve spent so much time on nuclear that I’ve become worried that maybe we’re over indexing on this problem,” Rama Variankaval, the bank’s global head of corporate advisory, said in an interview.

Nuclear power is having a momentin the US. After being largely stagnant for decades, the industry has beenreignited by an insatiable demand for energy to power the data centers needed to support artificial intelligence. Bloomberg Intelligence estimates that demand for electricity will ...