"What a past month it's been for shares of nuclear innovation play Oklo ( NASDAQ:OKLO), which are still up close to 88%, even after Wednesday's painful 8% pullback. Since first writing about Oklo as a nuclear energy name that could benefit greatly from the AI tailwind way back in October 2024, shares have gained more than 470%. Indeed, the Sam Altman-backed nuclear innovator went from a relatively unknown mid-cap stock to an explosive momentum gem that's fallen on the radars of many."
"Undoubtedly, investing in smaller, high-growth companies that aren't making a profit won't sit right with many, no matter how grand the growth opportunity at hand is. And though pursuing shares of OKLO on the way down after its latest melt-up could prove dangerous, I still think the Sam Altman stock is worth watching and perhaps nibbling gradually into weakness."
Shares of Oklo rose about 88% over the past month despite an 8% pullback and have climbed roughly 470% since October 2024. Sam Altman's investment transformed Oklo from a relatively unknown mid-cap into a momentum stock with a market capitalization exceeding $20 billion. Investing in unprofitable, high-growth smaller companies carries substantial risk and volatility. Newly announced deals could act as near- to medium-term catalysts for share-price appreciation. Buying into weakness may suit long-term investors who can tolerate large swings and view Oklo as a riskier growth holding.
Read at 24/7 Wall St.
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