Despite management’s claims of potential deals, market commentator Herb Greenberg pointed out that none had been finalized, leaving Oklo with no revenue and cash flow, alongside widening losses.
Oklo signed several power agreements during the quarter, including a 12-gigawatt deal with data center provider Switch. According to the company, this brings total confirmed customer interest to 14 gigawatts.
Oklo Inc (NYSE:OKLO) shares are trading higher Monday after the company announced it's engaging with the U.S. Nuclear Regulatory Commission (NRC) in a pre-application readiness assessment.
Oklo has signed an Interface Agreement (IAG) with INL, which will allow the company to begin initial site work on its Aurora nuclear powerhouse in Idaho.
Amazon.com Inc. Alphabet Inc.'s Google, Meta Platforms Inc. and Dow Inc. have joined a growing coalition of companies pledging support to triple global nuclear capacity by 2050, signaling a significant shift in how tech companies plan to power their energy-intensive operations.
Traditional nuclear power providers also registered gains on the news. Constellation Energy Corporation shares climbed nearly 5%, while Vistra’s stock jumped more than 10%.
Nuclear stocks like NuScale Power, Oklo, and Cameco got a boost from NVIDIA's forecast that AI compute needs would grow by 100X in the next generation of models
Top mid-cap stock performers last week: Kingsoft Cloud up 34.77%, Oklo Inc. up 33.36%, AST SpaceMobile up 30.98%, VNET Group up 29.12%, Teladoc Health up 27.46%, GDS Holdings up 25.68%, Magnite up 23.08%, SolarWinds up 23.05%, Lions Gate Entertainment up 22.68%, IREN Limited up 22.02%.
January saw Trump kick off things with a bang. The White House has issued 44 executive orders so far, with the economic and financial implications still being examined. So, what can we monitor on the economic front?
