Altman-Backed Nuclear Stock Doubles in Value on AI Power Demand [BNN Bloomberg (Canada)]
Oklo Inc. Class A common stock (OKLO)
Company Research
Source: BNN Bloomberg
Shares of Oklo Inc., which went public in May after merging with a blank-check company sponsored by the OpenAI chief executive and serial dealmaker Michael Klein, have spiked 115% to a record $19.72 this week. The gains come as Amazon.com Inc., billionaire financier Ken Griffin, and Alphabet Inc.'s Google unveiled investments in next-generation nuclear energy firms. Oklo shares have been volatile since going public, sinking as low as $5.35 on Sept. 9 before more than tripling over the past month and a half. On Friday, the stock spiked to an intraday peak of $20.64 from a $9.15 close just a week ago — vaulting its market capitalization to top $2.4 billion. Santa Clara, California-based Oklo is benefiting from the surge in artificial intelligence and other computing that's driving a boom in power-hungry data centers and helping to boost demand for electricity for the first time in decades. NuScale Power Corp., a peer of the still-private and Amazon-backed X-Energy, has jumped mor
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OKLO
News
- Institutional investors may overlook Oklo Inc.'s (NYSE:OKLO) recent US$346m market cap drop as long-term gains remain positive [Yahoo! Finance]Yahoo! Finance
- Oklo Announces Date for Third Quarter 2024 Financial Results and Business Update CallBusiness Wire
- Oklo CEO on nuclear energy, bitcoin peaks above $73K: Market Domination [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oklo CEO on nuclear energy, bitcoin peaks above $73K: Market Domination [Yahoo! Finance]Yahoo! Finance
- Oklo CEO wants to make clean nuclear energy more accessible [Yahoo! Finance Canada]Yahoo! Finance Canada
OKLO
Sec Filings
- 10/15/24 - Form 424B3
- 10/15/24 - Form 8-K
- 9/19/24 - Form EFFECT
- OKLO's page on the SEC website