Oklo (NYSE: OKLO) Pops 9% On Nuclear Power Fervor
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Oklo (NYSE: OKLO) Pops 9% On Nuclear Power Fervor
"Oklo (NYSE: OKLO) is ripping 9% today, October 6th on ongoing enthusiasm about the future of nuclear power generation in the US. It's been an outrageously good year for the stock, with shares already up over 550% year to date. That beats all other top performing stocks in the S&P 500 for the year, including other big energy related companies like GE Vernova (NYSE: GEV) and Monolithic Power Systems (Nasdaq: MPWR)."
"On the power generation side, as AI data centers smash through their most ambitious forecasts from only a few months ago, investors are increasingly realizing that nuclear power is (long term at least) going to be critical to delivering the gigawatts needed. And while Sam Altman is CEO of OpenAI, he is also the 3rd largest individual shareholder in Oklo with a stake valued over $780m. As Sam jets around the globe raising excitement and energy for AI, it's a fair bet that Oklo will benefit from the fever, whether directly or indirectly."
"And then there is the changing political appetite for nuclear. President Trump and Keir Starmer, Prime Minister of the UK, signed a deal to expand nuclear power generation in the UK. the deal could lead to up to a dozen reactors in the country. And it's not just overseas, either. Whether it's AI data centers, or onshoring other forms of manufacturing the federal government is pedal to the metal on policies that will dramatically increase the US's own need for power generation. When you add it all up, nuclear power generation, and Oklo in particular, are at an intersection of massive multibillion-dollar megatrends that could rewrite grids for the next few decades."
Oklo experienced a sharp stock rise, gaining 9% on October 6 and rising over 550% year-to-date, outperforming other S&P 500 leaders. Growing AI data center capacity is increasing demand for reliable gigawatts, and investors see nuclear power as a long-term solution. Sam Altman holds the third-largest individual stake in Oklo, valued at over $780 million, linking major investor interest to the company. Political support for nuclear power is intensifying, including a UK deal that could enable up to a dozen reactors and U.S. policies to expand power generation for manufacturing and data center needs. Oklo sits at the convergence of these multibillion-dollar trends that could reshape power grids for decades.
Read at 24/7 Wall St.
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