"Artificial intelligence has driven demand for multiple industries while creating many stock opportunities. It turns out nuclear energy is no exception to this rule, as it provides reliable, 24/7 clean energy. AI data centers that use nuclear energy won't have to consume electric grids or risk downtime as often. Some big tech companies have already invested in nuclear energy to position themselves for the AI boom."
"OpenAI co-founder Sam Altman is an early investor and a former board chair of the small modular nuclear reactor developer. With ChatGPT's parent company doing a lot of the steering in the AI industry, it wouldn't be surprising to see OpenAI and others prioritize Oklo. Once Oklo generates revenue, momentum can build quickly. Its Q3 earnings presentation hints at long-term contracts and recurring revenue as its business model."
Artificial intelligence has increased demand across industries and created stock opportunities for nuclear energy because it provides reliable, 24/7 clean power for AI data centers. AI data centers powered by nuclear energy avoid heavy grid consumption and reduced risk of downtime. Some big technology companies have invested in nuclear to position for AI growth. Oklo received early investment from OpenAI co-founder Sam Altman and hints at long-term contracts and recurring revenue. Oklo holds $1.2 billion in cash and plans to commercialize an Idaho site in late 2027 or early 2028. Centrus Energy has tripled this year, reports revenue and a $3.9 billion backlog.
Read at 24/7 Wall St.
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