Key Points Oklo's Meta news helped drive Oklo stock up 35% last week. It's giving back some gains today as investors take profits. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) stock, the start-up manufacturer of small modular (nuclear) power reactors that surged 35% last week on news of a new contract with Meta (NASDAQ: META), is taking a bit of a breather Monday. As of 1:40 p.m. ET, Oklo stock is down about 2.1% on no apparent news. Image source: Getty Images. Meta's nuclear news That ...

Group 1 - Nscale, a developer of artificial intelligence data centers, has secured $1.1 billion in financing [2] - The funding round was led by Aker ASA [2] - This financing comes shortly after Nscale announced a partnership with Nvidia and OpenAI in the U.K. [2]

Core Insights - OpenAI, Oracle, and SoftBank have announced plans for five new artificial intelligence data centers in the United States as part of their Stargate project [1] Company Developments - The collaboration between OpenAI, Oracle, and SoftBank signifies a strategic move to enhance their capabilities in artificial intelligence [1] - The establishment of these data centers is aimed at supporting the growing demand for AI technologies and services [1] Industry Trends - The announcement reflects a broader trend in the technology sector, where companies are increasingly investing in infrastructure to support AI advancements [1] - The initiative is expected to contribute to the competitive landscape of AI development and deployment in the United States [1]