Company Performance and Market Reaction - Oklo (OKLO) shares surged to a record high, rising 10% to $42 50 in afternoon trading, and have doubled in price since the start of 2025 [2][4] - The stock has been trending sharply higher after breaking out from a falling wedge pattern in late December, with gains accelerating due to increasing share turnover, suggesting institutional buying participation [5][10] Industry Trends and Catalysts - Investors are bidding up nuclear energy companies due to expectations of growing energy demand to support AI infrastructure [2][10] - A $500 billion AI infrastructure development project, a joint venture between Oracle (ORCL), OpenAI, and SoftBank, has fueled investor enthusiasm, particularly benefiting Oklo, which is backed by OpenAI CEO Sam Altman and could secure energy agreements for data centers under the project [3] Technical Analysis and Price Targets - A bullish price target of around $75 is forecasted using bars pattern analysis, which studies prior trends to anticipate future price movements [7][10] - The stock's strong price momentum is confirmed by the relative strength index (RSI), though it has moved into overbought territory, raising the prospect of short-term profit-taking [6] Key Support Levels - Major support levels to monitor during profit-taking are around $23 and $17, with $23 being a confluence of support from the 50-day moving average and comparable price points since late October [9][10][11]

Just a few short years ago, the general consensus, both among the public and market analysts, was that nuclear energy was dead — a thing of the past. Even the most optimistic cases had it relegated to a mere supplement to other green or renewable sources of energy, such as wind and solar.That narrative has all but evaporated for the last two years, artificial intelligence (AI) has been the dominant narrative in the financial markets. AI needs data centers, and lots of them — and those data centers require i ...

Key TakeawaysNuclear energy stocks roared higher Thursday, extending gains earlier in the week amid expectations of growing energy needs driven by data centers to support AI.President Donald Trump on Tuesday announced a $500 billion joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.Shares of Oklo, which is backed by OpenAI CEO Sam Altman, surged close to 14% Thursday and have added almost 50% this week since reports of the initiative emerged. Nuclear energy stocks roared ...

While the crypto sector struggled after inauguration, nuclear stocks are in rally mode amid U.S. President Donald Trump's orders to increase energy production. Chris Wright, Trump's pick to lead the Energy Department, last week noted he would prioritize oil and gas, as well as nuclear power production.Wright is also the director of nuclear stock Oklo Inc (NYSE:OKLO), which was last seen up 10.8% to trade at $34.64, on track for its fifth-straight win after earlier hitting an all-time high of $34.95. The equ ...

More than ever, tech giants are searching for clean, sustainable energy sources. One company looking to lead the way with its next-generation nuclear technology is Oklo (OKLO -11.46%). According to data provided by S&P Global Market Intelligence, the company surged 101% higher in 2024.Investor enthusiasm around its technology and what it can do to meet tech companies' growing energy needs has driven the stock higher. Here's what investors need to know about the company and what you can expect going forward. ...

Shares of Oklo Inc. (OKLO) have soared an impressive 95.3% over the past three months, outperforming the Zacks Alternative-Energy industry’s return of 1.9% as well as the broader Zacks Oils-Energy sector’s decline of 6.8%. It has also outpaced the S&P 500’s rise of 3% in the same period.Buoyed by the increasing worldwide adoption of clean energy across industries, Oklo stock has been rallying on impressive quarterly operational performance and strategic partnerships that aim to strengthen its footprint in c ...

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Shares of Oklo Inc OKLO were climbing in early trading on Thursday, after the nuclear startup announced a long-term agreement with Switch.The company's business model positions it in a "solid spot" for long-term recurring revenues, according to Wedbush.Analyst Daniel Ives initiated coverage of Oklo with an Outperform rating and a price target of $26.Ives noted the company’s unique business, which brings small modular reactors (SMRs) directly to its customers.Check out other analyst stock ratings.Oklo, backe ...

Oklo (NASDAQ: OKLO), the nuclear energy startup backed by OpenAI CEO Sam Altman, announced on December 18 that it had signed a non-binding Master Power Agreement to supply up to 12 gigawatts of energy to Switch, a Las Vegas-based data center operator. The deal, one of the largest corporate clean power agreements to date, will provide reliable, clean energy for Switch’s AI, cloud, and enterprise data center infrastructure across the U.S.Oklo one-day price chart. Source: Google FinanceThe news initially sent ...

Key TakeawaysNuclear power startup Oklo on Wednesday announced a partnership with data center provider Switch. The news sent Oklo stock higher, before it cooled in late-morning trading. The sides reached a "framework" agreement for Oklo to provide Switch's data centers with 12 gigawatts of power over the next two decades.The deal joins tech's recent push into nuclear energy as tech giants like Amazon and Microsoft look to find power for their growing data centers. Oklo (OKLO), a nuclear energy startup, anno ...