"Big tech companies are willing to invest hundreds of billions of dollars into AI each year, and some of those investments went to nuclear companies. For instance, Meta Platforms ( NASDAQ:META) recently signed a long-term deal with Oklo ( NYSE:OKLO) that includes the development of a 1.2 gigawatt campus. Meta Platforms has agreed to prepay for power so Oklo can fund the site's development. Oklo aims to complete the project by 2034, with some megawatts available as early as 2030."
"Oklo's model involves accepting prepayments and using that money to build its sites. That way, Oklo and other nuclear power providers have access to capital without diluting investors. Centrus Energy ( NYSE:LEU) is approaching a $6 billion market cap. The nuclear energy stock brought in $74.9 million in revenue and $3.9 million in net income in Q3 2025. Centrus Energy also has a $3.9 billion backlog, but it extends all the way to 2040."
Nuclear stocks surged as investors link nuclear power to resolving AI-related energy constraints. Nuclear plants offer reliable, carbon-free electricity that eases grid pressure during large AI loads. Major technology companies are allocating substantial AI budgets and directing some capital toward nuclear developers. Meta signed a long-term agreement with Oklo to build a 1.2-gigawatt campus, including prepaid power to finance site construction, partial output by 2030, and completion by 2034. Several nuclear firms report limited near-term revenue and operational losses, and large backlogs extend many years, making meaningful profits and expansion multi-year propositions. The dynamic favors firms already possessing AI energy and data infrastructure.
Read at 24/7 Wall St.
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