Oklo (NYSE: OKLO) went public in 2024 through a merger with a SPAC co-founded by Sam Altman, aiming to spotlight small modular nuclear reactors (SMRs) as a solution for the growing energy demands of the AI sector. Following a surge in stock price due to hype around AI and SMRs, Oklo’s shares fell from a high of $171 to just above $120 by November 5. The clean energy market is increasingly focused on SMRs, with competitors like NuScale Power and Cameco also experiencing stock growth. Oklo has secured nonbinding orders from data center operators such as Equinix, signaling potential for future expansion.
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