I'm excited about Oklo Inc.'s focus on smaller, more cost-effective nuclear powerhouses with a strong customer pipeline. I acknowledge the speculative nature of the investment and the long wait until revenue generation in 2027. Oklo's revenue generation is a concern, but the significant insider ownership suggests a commitment to future growth.
Oklo Inc. (OKLO) shares skyrocketed with a 41% gain today. The small-cap nuclear company rallied with similar stocks as Amazon (AMZN) eyes nuclear energy to power AWS.
Oklo Inc (NYSE: OKLO) has soared more than 70% lately as big tech companies have turned to nuclear power amidst an AI-driven increase in energy demand. Shares of the fission technology company are reacting to sizable investments that Google, Microsoft, and most recently Amazon have announced in nuclear to power their data centers.
Jacob Dewitte, Oklo CEO, joins 'Money Movers' to discuss where Oklo sits in the new power demand picture, the plans for the company's nuclear reactor, and if regulators are friendly to the nuclear energy industry.
Nuclear startup Oklo said on Wednesday that it has finalized an agreement with the U.S. Department of Energy for carrying out site investigations related to the company's proposed small nuclear reactor in Idaho.
The nuclear startup Oklo has received the greenlight to start site investigation work for its planned microreactor in Idaho. Oklo plans for the reactor to come online in 2027, though there's risk that regulatory review could delay the start date.
You probably know Sam Altman's AI organization, but he's also the chairman of Oklo, an advanced nuclear technology company.
Oklo Inc. (NYSE:OKLO ) Q2 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Sam Doane - Director of Investor Relations Jacob DeWitte - Co-Founder and Chief Executive Officer; Craig Bealmear - Chief Financial Officer Conference Call Participants Vikram Bagri - Citi Thomas Meric - Janney Montgomery Ryan Pfingst - the B. Riley Jeffrey Campbell - Seaport Research Partners.
Nuclear energy startup Oklo reports second-quarter earnings and revenue after the market closes Tuesday.
A noted exchange traded-fund (ETF) manager has found her next big bet. Cathie Wood is well-known for identifying strong tech stocks before they surge.
Shopify stock is down, but the e-commerce software platform remains a dominant player. Oklo, a recent IPO backed by Sam Altman, aims to provide clean and affordable energy.
Cathie Wood on Tuesday spent $1.89 million on Oklo stock.