Oklo Stock Surges on Nuclear Interest

This is a news story, published by Yahoo Finance, that relates primarily to Sam Altman-backed news.

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SMR market

Yahoo Finance

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Sam Altman-backed energy stock surges amid AI-driven 'nuclear power renaissance'

Summary

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85% Informative

Sam Altman-backed nuclear power company Oklo (OKLO) has boomed on the stock market over the past month as investors look to nuclear energy as the next big AI trade.

Shares in the company, which is designing so-called small modular nuclear reactors (SMRs), have surged nearly 140% .

SMRs are designed to produce cheaper, faster, greener energy than traditional nuclear facilities.

Amazon and Google have announced substantial investments in SMR projects.

Citi’s Vikram Bagri recently reduced his price target on Oklo stock from $11 to $10 .

Seaport analyst Jeffrey Campbell sees Oklo having advantages in the burgeoning market.

DeWitte cited mounting bipartisan support to reduce regulatory hurdles and enhance the domestic supply of HALEU .

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