Market Overview - US stock index futures are all down, with Dow futures down 0.62%, S&P 500 futures down 0.47%, and Nasdaq futures down 0.46% [1] - European indices also show declines, with Germany's DAX down 1.29%, UK's FTSE 100 down 0.05%, France's CAC40 down 0.74%, and the Euro Stoxx 50 down 0.97% [2][3] - WTI crude oil is down 1.83% at $66.90 per barrel, while Brent crude is down 1.75% at $68.55 per barrel [3][4] Bond Market Insights - Concerns over long-term US Treasury demand are rising, with a key auction of $22 billion in 30-year bonds being closely watched [5] - The "new bond king," Jeffrey Gundlach, warns that the US debt burden may lead to a flight from dollar assets, suggesting that long-term Treasuries are no longer a safe haven [6] Cryptocurrency and Stock Market Analysis - Fundstrat's Tom Lee indicates that while the S&P 500 is close to its historical high, extreme short positions could lead to a potential "waterfall decline" [7] - Bitcoin's recent highs may signal a bullish trend for the S&P 500, with Lee suggesting a focus on oversold stocks, tech giants, and small-cap stocks [7] Oil and Gas Industry Outlook - Fitch Ratings has downgraded the global oil and gas outlook from "neutral" to "negative," citing increased tariffs and supply growth as factors suppressing demand [8] Company-Specific Developments - Oracle (ORCL.US) reports a 11% year-over-year revenue increase, with cloud infrastructure revenue expected to grow over 70% in the next fiscal year [9][10] - Boeing (BA.US) shares drop over 7% following a crash of an Air India Boeing 787, which could be a significant incident for the manufacturer [11] - OpenAI partners with Google (GOOGL.US) for cloud services, indicating a strategic shift in resource acquisition [11] - Bank of America (BAC.US) CEO warns of a potential 25% drop in investment banking revenue due to policy uncertainties [12] - Deutsche Bank (DB.US) CEO indicates weaker-than-expected trading and advisory business performance [12] - Uxin (UXIN.US) reports a 142% increase in retail transaction volume, with revenue up 58% year-over-year [13] - Oklo (OKLO.US) announces a $400 million stock offering after securing a significant contract, but shares drop over 5% [14] - Voyager Technologies (VOYG.US) sees a stock price increase of over 7% following a successful IPO and funding from NASA [14]

Core Insights - Oklo, a nuclear energy start-up, experienced a nearly 30% stock surge following the announcement of a contract with the U.S. military for a project in Alaska [1][2] Company Developments - Oklo received a notice of intent to award (NOITA) from the Defense Logistics Agency for supplying nuclear power to Eielson Air Force Base [2][4] - The project involves designing, building, and operating an energy-generating facility to provide power and heat to the base, leveraging the ability to operate off the traditional electricity grid [4][5] - The announcement follows previous disclosures that Oklo was provisionally selected for the project, which faced delays due to protests from other applicants [5][6] Industry Implications - The contract with a military branch serves as a significant confidence booster for Oklo and the next-generation nuclear technology sector [6][7] - CEO Jacob DeWitte emphasized that the deal reflects confidence in Oklo's capability to deliver clean and secure energy solutions for critical infrastructure [6][7]

Group 1: Industry Overview - Artificial intelligence (AI) is significantly impacting electric utilities due to the increasing power demands of AI-driven data centers, with electricity demand for these centers projected to quadruple by 2030 [1] - The stock prices of companies like Constellation Energy have surged, with a 634% increase since the beginning of 2022, outperforming broader market averages [1] Group 2: Investment Opportunities - Investors are exploring opportunities in nuclear energy stocks, particularly NuScale Power and Oklo, both of which have seen stock prices rise over 300% in the past year due to optimism surrounding electricity demand growth [2] - NuScale Power is focused on small modular reactors (SMRs) and is the only start-up with an SMR design approved by the Nuclear Regulatory Commission (NRC) [3][4] Group 3: Company Analysis - NuScale Power - NuScale's SMR technology is designed to be modular and scalable, but the company faces challenges in securing customers, as evidenced by a recent project cancellation in Utah due to cost overruns [4] - The company is not expected to generate significant revenue until after 2030, making it a pre-revenue start-up with a current annual cash burn of around $100 million [5][6] Group 4: Company Analysis - Oklo - Oklo shares similarities with NuScale but utilizes a liquid metal compound for cooling and aims to recycle nuclear waste, although it has not yet received NRC approval for its reactor design [8][9] - Like NuScale, Oklo is also a pre-revenue company, with a cash burn rate of $44 million per year and only $200 million in cash reserves [10] Group 5: Market Valuation Concerns - Both NuScale and Oklo have seen stock price increases due to the narrative shift towards nuclear energy and the anticipated rise in electricity demand from AI, but neither company is expected to have operational reactors by 2030 [12] - Current market capitalizations are $7 billion for Oklo and nearly $10 billion for NuScale, despite both companies not generating any revenue or profit [13]

Core Viewpoint - Oklo is making significant progress in establishing a regulatory foundation for a faster licensing path to support its broader commercialization goals, as the U.S. Nuclear Regulatory Commission (NRC) has begun reviewing the company's licensed operator report [1] Group 1: Regulatory Progress - The NRC's review follows Oklo's recent entry into the first phase of the NRC's preparatory assessment for its combined license application, which, once approved, will allow Oklo to operate the Aurora power station [1] - Oklo's CEO, Jacob DeWitte, emphasized the simplification of the deployment path by integrating design, construction, and operation into a single application [1] Group 2: Analyst Insights - Seaport Global analyst Jeff Campbell upgraded Oklo's stock rating from "neutral" to "buy," setting a target price of $71, citing confidence in the company's growth prospects [1] - Campbell noted that Oklo's project is progressing well and has received some technical approvals, expressing confidence in the recently appointed Chief Technology Officer, Pat Schweiger, who has significant experience in nuclear fusion work [2] Group 3: Key Success Factors - Campbell highlighted that securing fuel is crucial for Oklo's success, mentioning that the company has completed drilling assessments at the Idaho National Laboratory (INL) site and has finalized a memorandum of cooperation with the U.S. Department of Energy [2] - Oklo has also signed an Interface Agreement with INL, further solidifying its operational framework [2]

Core Insights - The AI sector is at a pivotal moment, with early leaders distinguishing themselves and presenting significant investment opportunities across the AI value chain [1][2] - Companies leveraging AI are experiencing substantial productivity gains, while those that do not adopt AI risk becoming obsolete [2] - The total addressable market for AI is in the trillions, but current adoption levels are still early, creating a unique investment window [2] Company Summaries - **Nvidia** dominates the data center GPU market with a share of 70% to 90%, reporting record revenue of $44.1 billion in Q1 fiscal 2026, with data center revenue up 73% year-over-year [5][6] - **ASML Holding** is the sole manufacturer of extreme ultraviolet lithography machines, ensuring a significant market share and multiyear revenue visibility due to a substantial backlog [7][8] - **Microsoft** is monetizing AI through its Copilot subscriptions, generating billions in revenue shortly after launch, leveraging its vast distribution network of 1.5 billion Office users [9] - **Lemonade** utilizes AI to enhance insurance operations, processing 70% of claims instantly, leading to improved loss ratios and lower operational expenses compared to traditional insurers [10][11] - **SoundHound AI** has seen over 80% annual revenue growth by providing voice AI technology, with a focus on edge-computing to address privacy and latency concerns [12] - **Palantir Technologies** is experiencing over 70% annual commercial revenue growth, driven by its AI platforms that address security concerns in corporate AI adoption [13] - **Applied Digital** operates specialized data centers for AI workloads, securing long-term contracts for its entire 400MW capacity, positioning itself for predictable revenue growth [14] - **Oklo** develops small modular reactors to meet the energy demands of AI data centers, with each reactor providing 15MW to 50MW of clean power [15] - **CoreWeave** focuses on GPU-accelerated cloud computing, projecting $5 billion in revenue for 2025, with expectations of doubling to $11.6 billion in 2026 [16] - **BigBear.ai** applies AI in defense and commercial analytics, reporting Q1 2025 revenue of $34.8 million and maintaining a $385 million backlog for long-term revenue visibility [17] Investment Strategy - The identified companies represent various layers of the AI ecosystem, from infrastructure to specialized applications, showcasing strong fundamentals and clear growth paths [18]

Group 1: Stock Movements in Hong Kong Market - Youqu Holdings (02177) surged over 24% as it actively expands into the health sector with the launch of the Canadian anti-aging health food brand Vanpearl containing ergothioneine [1] - Longfly Fiber Optics (06869) rose nearly 10% following the commencement of mass production at its advanced Wuhan base, successfully producing its first 6-inch silicon carbide wafer [1] - SF Holding (06936) increased over 5% with a reported 19.1% year-on-year growth in express delivery volume in April 2025, reaching 16.32 billion parcels [1] Group 2: Notable Developments in Other Companies - Alibaba Pictures (01060) gained over 4% after announcing a name change to Damai Entertainment, indicating a focus on offline performances and IP derivatives [2] - Innovent Biologics (01801) rose over 4% after presenting promising results for its innovative drug IBI343 for treating advanced pancreatic cancer at the 2025 ASCO annual meeting [2] - Ideal Auto (02015) saw a rise of over 6% with May deliveries reaching 40,856 units, marking a 16.7% year-on-year increase [4] Group 3: U.S. Market Highlights - Ferguson (FERG.US) increased by 2.9% with Q3 sales of $7.621 billion, a 4.3% year-on-year growth, exceeding market expectations [5] - Credo Technology (CRDO.US) surged over 14% with Q4 revenue of $170.3 million, a 179.7% year-on-year increase [6] - Nvidia (NVDA.US) rose by 2.8% as UBS projected significant revenue from a new AI data center project in Texas [6]

Industry Overview - The American nuclear industry gained significant attention this week, leading to a more than 5% increase in Oklo's stock price [1] - President Trump signed an executive order aimed at supporting the nuclear industry, which includes measures for testing reactors and constructing nuclear power facilities on public land [2][4] Company Developments - Oklo signed a memorandum of understanding for a project in Asia, collaborating with Korea Hydro & Power to develop an Oklo facility in Idaho and cooperate on early-stage projects [5] - Industry analyst Jed Dorsheimer from William Blair initiated coverage on Oklo and other nuclear stocks, labeling them as buys, with a particular focus on Oklo's vertically integrated business model [6]

Core Insights - The global clean energy sector is evolving, with nuclear energy stocks like Oklo Inc. and NuScale Power gaining attention due to rising government support and investment in small modular and advanced nuclear technologies [1][2] Summary of Oklo Inc. (OKLO) - Recent Achievements: Oklo signed a Memorandum of Understanding with Korea Hydro & Nuclear Power to support the development of its Aurora powerhouse and completed borehole drilling for site characterization at Idaho National Laboratory [4][5] - Financial Stability: As of Q1 2025, Oklo had cash and cash equivalents of $201 million, down from $228 million at the end of 2024, but reported no notable debt, indicating solid financial stability [7] - Challenges: Oklo has not yet started generating revenues, with its first Aurora powerhouse expected to go live in 2027, and faces high operating costs [8] Summary of NuScale Power Corporation (SMR) - Recent Achievements: NuScale reported a narrower loss per share compared to the prior year and an impressive year-over-year revenue growth of 857.1%, being the only small modular reactor company with U.S. Nuclear Regulatory Commission design approval [9][10] - Financial Stability: As of Q1 2025, NuScale had cash and cash equivalents of $527 million, up from $447 million at the end of 2024, and reported no notable debt, indicating strong financial stability [11] - Challenges: NuScale has yet to secure a firm commercial order but expects its first order this year, while also facing industry-wide challenges [12] Earnings Per Share (EPS) Estimates - Oklo's 2025 EPS estimate is a loss of 42 cents, an improvement from a loss of 74 cents the previous year, with estimates trending upward [13] - NuScale's 2025 EPS estimate is a loss of 41 cents, a deterioration from earnings of 42 cents the previous year, with estimates remaining constant [14] Stock Performance and Valuation - Over the past three months, SMR has outperformed OKLO with a 128.9% increase compared to OKLO's 88%, but OKLO has shown a 437.4% increase over the past year compared to SMR's 306.1% [17] - SMR's valuation is more attractive, with a trailing 12-month Price/Book ratio of 18.97X compared to OKLO's 28.55X [18] Investment Recommendation - NuScale is currently viewed as the more attractive investment opportunity due to its revenue generation, stronger cash position, and favorable valuation compared to Oklo, which is still in the pre-revenue stage [19][20]

Core Insights - The U.S. nuclear energy sector is experiencing a significant boost following President Trump's signing of executive orders aimed at revitalizing the industry, leading to increased stock prices for companies like Oklo Inc, Centrus Energy Corp, and BWX Technologies Inc [1][2]. Company Summaries - **Oklo Inc**: The company aims to launch its first small modular reactor (SMR) by 2028. Its stock surged over 10% recently and has increased by 150% in 2025. Analyst Jed Dorsheimer estimates Oklo's fair value at $70, indicating a potential upside of approximately 30% from current levels, with bullish scenarios suggesting a target as high as $82 [4]. - **Centrus Energy Corp**: As the only U.S.-owned uranium enricher, Centrus's stock rose nearly 13% recently, driven by technical momentum and national security concerns regarding enriched uranium supplies. Dorsheimer has set a price target of $185 for Centrus, representing about a 42% upside from current prices [5]. - **BWX Technologies Inc**: Historically a supplier for the Navy, BWX is looking to expand into commercial SMRs. Although its recent stock gains were modest, Dorsheimer sees a potential increase of 36% with a target price of $173 [5]. Industry Trends - Trump's executive orders aim to streamline licensing processes, allocate federal land for new nuclear projects, and prioritize certain facilities, with a goal of launching 10 large reactors by 2030. This policy shift is seen as a major catalyst for growth in the nuclear sector [3][6]. - The overall market sentiment is bullish for the nuclear sector, with all three companies trading above key moving averages, indicating strong momentum and favorable policy conditions [6].

Core Insights - The article discusses the financial analyst Harrison, who has been active on Seeking Alpha since 2018 and has over a decade of market experience [1] Group 1 - Harrison has professional experience in private equity, real estate, and economic research [1] - He possesses an academic background in financial econometrics, economic forecasting, and global monetary economics [1]