Oklo's NYSE: OKLO deal with Meta Platforms NASDAQ: META is well-liked by the market. Yet another partnership with a major datacenter operator not only affirms the energy technology but also provides funding and visibility, while validating the pathway to revenue.
Nuclear startup Oklo signed a huge deal to build new power plants to help Meta Platforms meet surging demand for artificial intelligence. But Chief Executive Officer Jacob DeWitte says more skilled workers are needed to build them.
META's prepayment deal boosts OKLO's 1.2 GW Ohio nuclear project, tying early funding to long-term data center power demand.
Oklo Inc. and Meta Platforms announced a monumental agreement to develop a 1.2 GW power campus to support Meta's data center needs. OKLO's technology for small, scalable nuclear solutions is now getting the big tech validation it needs, while also getting a lift from regulatory and demand tailwinds. While execution risks persist, I believe the focus will now turn to tech validation and regulatory approvals to accelerate its path toward commercialization.
Meta Platforms (META) has significantly deepened its commitment to carbon-free energy through two major partnerships announced on January 9. The social media giant has entered into agreements with Oklo Inc. (OKLO) and Vistra Corp (VST), two holdings in the Range Nuclear Renaissance ETF (NUKZ).
The shares of Oklo Inc (NYSE:OKLO) and Vistra Corp (NYSE:VST) are surging this morning, after both nuclear energy companies announced a 20-year deal with Meta Platforms (META) to provide power for its hyperscaler data center campus in Ohio.
Meta Platforms is betting big on nuclear energy to satisfy the insatiable appetite of its artificial-intelligence supercomputers.
Oklo (OKLO) stock experienced a 5-day winning streak, accumulating a total gain of 36% during this timeframe. The company's market capitalization has increased by approximately $3.9 Billion in the past 5 days, now totaling $15 Billion.
OKLO's fast reactor design taps decades of proven tech, aiming for safer operation and the ability to recycle nuclear waste.
The convergence of AI's immense processing needs and the Trump Administration's aggressive push for nuclear energy has created a unique "perfect storm" for the energy sector.
Oklo (NYSE:OKLO) shares continued to move higher on Tuesday, after the US federal government announced a $2.7 billion program to expand domestic uranium-enrichment capacity. Shares added almost 3% at about $91, building on an almost 15% surge on Monday.
If you're checking your portfolio at the end of December and you're invested in advanced nuclear, the view can look ugly. The industry, a darling of the 2025 market, is currently flashing red warnings to end the year.