Everyone has been watching pure-play nuclear SMR stocks like Oklo (OKLO) and NuScale (SMR) to play the AI energy demand trend. But GE Vernova (GEV) might be a more practical option that's getting overlooked. While GEV is mostly known for its massive gas and wind turbine businesses, they are actually ahead of both Oklo and NuScale in building a small modular reactor. They have an SMR project under construction in Ontario that should be done by the end of the decade. They also recently agreed to build a gas-plus-nuclear plant in Texas to power a data center. The biggest difference is the balance sheet. Oklo and NuScale barely generate any revenue and operate at a loss. GEV brought in $11.1 billion in Q2 revenue and has $13.1 billion in cash. It is not a pure-play nuclear stock, but their legacy business significantly de-risks the investment while they build out their SMR tech.