Two decarbonization stocks came into focus recently with their big price jumps - nuclear reactor developer Oklo and boron miner 5E Advanced Materials. Oklo rallied, and continues to do so, on power demand projections for data centers. It has also made progress towards eventual operationalisation recently. 5E Advanced Materials jumped on receiving a loan option from EXIM bank, providing a lifeline for the pre-production miner, though the stock has come off since.
A handful of nuclear energy stocks have been melting up in recent quarters, thanks in part to big news coming from big tech.
Oklo NYSE: OKLO is at the forefront of developing advanced nuclear fission power plants and nuclear fuel recycling systems. In just the past month, the stock has jumped over 115%, soaring past every projection made by Oklo's analyst community.
AI's rising energy demands are driving a shift towards nuclear power, with major tech companies investing in small modular reactors (SMRs) for sustainable energy solutions. NuScale Power, Oklo, and Cameco are highlighted as key players in the nuclear sector, each showing significant growth potential despite current overbought conditions. NuScale and Oklo offer innovative reactor technologies, while Cameco benefits from its comprehensive uranium mining and refining operations, positioning them well for future demand.
Shares of Sam Altman-backed Oklo, a nuclear technoloy company, were up over 25% on Monday amid increasing fervor over small nuclear reactors. Oklo have surged nearly 140% over the past month as investors increasingly view nuclear energy as a solution to growing AI energy demands.
Jake Dewitte, Founder & CEO of Oklo Inc. (OKLO), joins Market on Close to discuss his company's role in the nuclear energy space. He recognizes the "halo effect" surrounding A.I.
The rising computational need to develop artificial intelligence is creating a surging demand for energy.
Nuclear stocks are suddenly surging. Is this one a winner?
The shares have soared on big nuclear AI deals in the industry.
By October 2024, Oklo Inc. (NYSE: OKLO) found itself at the intersection of several growing trends, which, combined, enabled the nuclear energy stock to experience one of the most impressive rallies of 2024.
Shares in Oklo (OKLO) are likely to remain on watchlists after soaring to a new record high Monday as investors continue piling into the Sam Altman-backed Nuclear energy startup.
George Tsilis joins Next Gen Investing with a look at another nuclear energy stock on the move: OKLO. He says the energy demand aspects of data center and A.I.