3.8 Billion Dollars Vanished in a Day: What Happened to U.S. Nuclear and Infrastructure Beneficiaries?

Fluor Corporation (NYSE: FLR) fell 6.16% to close at $44.92 on the New York Stock Exchange. Trading volume rose to about 1.93 million shares, wiping roughly $380 million—around KRW 500 billion—from its market capitalization and reversing much of its recent gains in a single session.

The company recently sold 71 million shares of small modular reactor developer NuScale Power, raising approximately $1.35 billion (about KRW 2 trillion) in cash, and has launched a trading program to dispose of its remaining 40 million shares, accelerating its divestment efforts.

Following its 2025 earnings announcement, Fluor has faced heightened legal risk as multiple law firms signaled plans to join class actions and investigate investors over alleged securities fraud related to project accounting.

Founded in 1912 and headquartered in Irving, Texas, Fluor is a global engineering and construction firm serving the energy, chemical, mining, infrastructure and U.S. government sectors. With a portfolio spanning large oil and gas plants, infrastructure projects, data centers and nuclear initiatives, the company’s performance is considered volatile, reflecting economic and commodity cycles as well as U.S. infrastructure spending policies.