OKLO aims to power AI and cloud growth with clean nuclear energy, targeting data centers through long-term contracts.
Both OKLO and NNE operate in promising corners of the nuclear energy space, backed by notable partnerships and strong financials.
Oklo (NYSE:OKLO), the nuclear energy startup supported by OpenAI's Sam Altman, increased by almost 10% during Tuesday's trading session. So, what is driving this enthusiasm?
Estee Lauder (EL) shares jumped after Deutsche Bank upgraded the stock to buy from hold and raised its price target to $95 from $71, citing the company's progress in diversifying its business beyond China and travel retail. Meanwhile, Oklo (OKLO) fell sharply as Craig-Hallum downgraded it on an "unchartered regulatory path.
Oklo (NYSE:OKLO), a nuclear energy startup supported by OpenAI's Sam Altman, has increased more than 6x in the past 12 months. The stock has also risen by over 55% in the last month.
OKLO and SMR shares have soared on nuclear energy momentum - here's what's fueling the rally and who could climb higher.
Oklo CEO Jacob DeWitte said Tuesday that the nuclear company's agreement to supply power to an Air Force base in Alaska is part of a larger push by the government to deploy nuclear power in creating defense infrastructure. "It's a pretty exciting space to think about what the trajectory can look like going forward," DeWitte said.
OKLO shares jumped 30% after Trump's nuclear orders, with policies seen as key to accelerating its Aurora rollout.
Investors interested in OKLO stock should wait for a better entry point, considering its premium valuation and declining earnings estimates.
Sam Altman is an influential visionary who is essentially the face of AI these days.
Oklo (NYSE:OKLO) has seen its price target raised by Wedbush analysts after the nuclear startup announced an anticipated agreement with the US government to provide power to the Eielson Air Force Base in Alaska. Oklo on Wednesday revealed it has been issued a Notice of Intent to Award by the Defense Logistics Agency Energy on behalf of the Department of the Air Force and the US Department of Defense (DoD).
Oklo Inc. (NYSE: OKLO) received a price target increase on Wednesday, June 12, as Wedbush Securities analyst Daniel Ives lifted his outlook to $75 from $55 while maintaining an Outperform rating. The analyst cited the Trump Administration's increased focus on using nuclear energy to power AI datacenter buildout.