Core Viewpoint - Oklo is an advanced nuclear technology company focused on developing next-generation fission power plants, particularly the Aurora Powerhouse, which uses recycled nuclear waste as fuel and emphasizes safety mechanisms [1] Company Overview - Founded in 2013, Oklo is headquartered in Santa Clara, California [2] Financial Performance - In Q2 2025, Oklo reported an EPS of -$0.18, missing analysts' expectations of -$0.11, with no revenue generated due to its pre-commercial status and a GAAP net loss of $24.7 million, showing slight improvement from the previous year [5] - Operating loss widened to $28.0 million year-over-year, driven by increased research and development expenses and administrative costs related to the Atomic Alchemy acquisition [6] - Cash and marketable securities totaled $683 million, significantly exceeding market forecasts, supported by a recent public offering [5] - Total assets amounted to $731.1 million with limited liabilities, indicating a solid balance sheet for future developments [6] Market Performance - Oklo's stock has risen 1,195% over the past 52 weeks and 229% year-to-date, despite a recent pullback of about 1% in the last five days and a 3% loss for the month [3] - Over the last six months, Oklo surged 178%, significantly outperforming the Russell 2000 index, which is up just 7.2% year-to-date [3] Industry Context - The strong investor enthusiasm for nuclear innovation is highlighted by Oklo's stock performance, although volatility and lack of near-term profitability are noted as key risks compared to the steadier performance of small-cap benchmarks [4]

Core Insights - NuScale Power's shares have decreased by 7.6% year-to-date, underperforming the Zacks Computer & Technology sector, which has returned 2.9% [1] - Despite this decline, the company has outperformed the Zacks Electronics-Power Generation industry, which has seen a 10.3% drop, due to advancements in Small Modular Reactor (SMR) technology [2] - The company is experiencing high demand for electricity and clean energy, driven by the increasing need for AI-powered data centers [3] Company Developments - NuScale Power has made significant progress in the manufacturing and commercialization of its SMR technology, partnering with key players like Doosan Interability and ENTRA1 Energy [6] - The company supports ENTRA1 Energy's agreement with the Tennessee Valley Authority to deploy up to 6 gigawatts of NRC-approved SMR technology, marking the largest SMR deployment program in U.S. history [7] - This initiative aims to provide carbon-free, baseload electricity, sufficient to power the entire Dallas-Fort Worth area, addressing the demand from AI, semiconductor manufacturing, and critical infrastructure sectors [8] Competitive Landscape - NuScale Power faces strong competition in the nuclear energy sector from companies like Oklo, BWX Technologies, and Constellation Energy [9] - Oklo is expanding its presence in the SMR market through strategic partnerships and technological advancements [10][11] - BWX Technologies is enhancing its capabilities in advanced nuclear technologies, recently completing a significant milestone in fuel production [12] - Constellation Energy has secured a long-term power purchase agreement with Meta, ensuring continued operation and expansion of its emissions-free nuclear energy supply [13] Financial Outlook - The Zacks Consensus Estimate for NuScale Power's loss in 2025 is projected at 46 cents per share, unchanged over the past month [14] - The company's shares are currently considered overvalued, with a forward price/sales ratio of 79.71X, significantly higher than the sector average of 6.74X [15] Conclusion - NuScale Power's advancements in SMR technology and partnerships position it as a key player in sustainable energy [17] - However, challenges from a competitive energy market and regulatory hurdles, along with a stretched valuation, raise concerns about its market positioning [18]

Precious Metals - Gold and silver ETFs have performed well YTD, with the Wisdomtree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) leading at a 127% increase [2] - The iShares MSCI Global Gold Miners ETF (RING) and iShares MSCI Global Silver and Metals Miners ETF (SLVP) are up 98% and 97% respectively, while the Amplify Junior Silver Miners ETF (SILJ) is up 89% [2] Defense & Space - Global instability and defense modernization are driving military spending, particularly in Europe, where NATO has increased spending goals from 2% to 5% of GDP [3] - The Select STOXX European Aerospace & Defense ETF (EUAD) has risen 75% YTD, while the Global X Defense Tech ETF (SHLD) has a 67% YTD return [4] Critical Minerals & Metals - The theme of critical minerals and metals has shown strong returns, with the VanEck Rare Earth & Strategic Metals ETF (REMX) up 56% YTD and $750 million in assets [6] - The Sprott Critical Materials ETF (SETM) offers an alternative with only 4% exposure to China and a YTD return of 45% [6] Nuclear & Uranium - Nuclear energy is experiencing a revival due to rising electricity demand, with the Global X Uranium ETF (URA) up 52% YTD [8] - The VanEck Uranium and Nuclear ETF (NLR) and Range Nuclear Renaissance Index ETF (NUKZ) have also shown strong performance, up 46% and 42% respectively [9] Cannabis - Cannabis ETFs have rallied on the prospect of deregulation, with the AdvisorShares Pure US Cannabis ETF (YOLO) leading at a 35% increase YTD [11] - Other notable ETFs in this category include the Roundhill Cannabis ETF (WEED) and Amplify Seymour Cannabis ETF (CNBS) [11] Video Gaming - The video gaming sector has benefited from the success of the Nintendo Switch 2 and anticipated releases like Grand Theft Auto 6, with the Amplify Video Game Leaders ETF (GAMR) up 39% YTD [13] - Other ETFs in this space include the Global X Video Games & Esports ETF (HERO) and VanEck Video Gaming and eSports ETF (ESPO), up 38% and 37% respectively [13] Electric Vehicles - Electric vehicle sales are surging, with a 21% YOY increase globally, driven by 50% market adoption in China [14] - The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Amplify Lithium & Battery Technology ETF (BATT) have seen YTD increases of 28% and 26% respectively [14]

Industry Trend - Nuclear power is gaining renewed interest due to increasing power demand [1] - The revival of the Indian Point nuclear plant is being considered [1] Energy Sector - Indian Point, a previously closed nuclear plant near New York City, may be reopened [1] Market Dynamics - Enthusiasm for atomic energy is growing [1]

Core Insights - Global electricity needs are increasing, leading to heightened interest in nuclear energy among investors and industries [1] - The U.S. is the largest producer of nuclear power, contributing approximately 30% to global nuclear electricity generation [2] - Nuclear reactors generated a record 2667 TWh of electricity in 2024, surpassing previous records [4] Industry Trends - Over 70 gigawatts of new nuclear capacity are currently under construction globally, marking one of the highest levels in the last 30 years [5] - Big technology companies are investing in nuclear energy to support their data centers and AI growth, with demand expected to rise across various industries [6] - Small Modular Reactors (SMRs) are gaining interest for their faster construction times and potential cost reductions, with projections of reaching 80 GW by 2040 [9] Financial Aspects - Financing nuclear projects remains a challenge due to high costs and market volatility, necessitating stable cash flow mechanisms [7][8] - Green bond issuances for nuclear energy have raised over $5 billion, primarily for project refinancing and lifetime extensions [8] Government Initiatives - Recent executive orders in the U.S. aim to accelerate nuclear reactor development and quadruple nuclear generating capacity by 2025 [10] Investment Opportunities - Nuclear-focused exchange-traded funds (ETFs) have seen significant gains over the past year, with notable increases such as 88% for the Range Nuclear Renaissance Index ETF [12]

Iran has agreed to give the U.N. atomic agency access to its main nuclear facilities, the agency’s chief said https://t.co/A4qsbi6Z0o ...

Mr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by the portfolios. He invests in all financial instruments globally (stocks, bonds, fx, commodities), restructuring investment portfolios based on prevailing conditions and the needs of each client-investor. Mr. Mavroudis has successfully navigated all ...

The EU was entitled to include gas and nuclear energy in its green rulebook allowing the technologies to tap subsidies and cheaper finance, the bloc’s second highest tribunal ruled https://t.co/UYAD43T7ss ...

Core Viewpoint - Oklo, an AI-focused nuclear energy start-up, is experiencing significant stock growth, with shares up over 225% this year, driven by rising electricity usage and interest in nuclear energy [1][2]. Company Strategy - Oklo is uniquely targeting AI providers in its investment approach, differentiating itself from traditional nuclear companies that sell electricity to any willing buyer [3]. - The company has formed a collaboration with Vertiv to develop thermal management solutions for data centers powered by Oklo's nuclear plants, leveraging the heat generated by both systems [5]. Historical Context - Oklo went public in 2024 through a merger with AltC Acquisition, a SPAC led by OpenAI founder Sam Altman, who previously served as the board chair [6]. - The company has garnered attention from influential investors, including Cathie Wood's Ark Invest, and has received notable support from the Trump administration, which has promoted nuclear energy [7][8]. Government Support - The U.S. Department of Energy selected two Oklo projects for its Nuclear Reactor Pilot Program, with a goal to have three reactors operational by July 4, 2026, indicating strong governmental backing [9]. Market Potential - If Oklo successfully brings one of its small modular reactor (SMR) prototypes online by 2027 and secures orders from major AI companies, its share price could significantly increase, rewarding early investors [11].

Nuclear developers and supply-chain firms are raising hundreds of millions through public offerings, and shares of listed nuclear companies have skyrocketed https://t.co/Tu8ujATVgj ...