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Oklo Inc. is an advanced nuclear technology company based in Santa Clara, California. [ 1 ] [ 2 ] Founded in 2013 by Jacob DeWitte and Caroline Cochran, both graduates of the Massachusetts Institute of Technology (MIT) , the company designs compact fast reactors with the aim of providing clean, safe, and affordable energy.
Oklo (NYSE: OKLO) isn't a household name by any stretch, but the nuclear stock was popping up on investors' radars last month as it soared on related sector news.
Sam Altman-backed nuclear power company Oklo has boomed on the stock market over the past month as investors look to nuclear energy as the next big AI trade.Shares in the company, which is ...
Image source: Getty Images. It also signed an agreement with Switch, an AI, cloud, and enterprise data center provider, in December.In the nonbinding Master Power Agreement, Oklo will deploy 12 ...
Oklo is the only location where this phenomenon is known to have occurred, and consists of 16 sites with patches of centimeter-sized ore layers. There, self-sustaining nuclear fission reactions are thought to have taken place approximately 1.7 billion years ago, during the Statherian period of the Paleoproterozoic .
Oklo's stock eventually sank to an all-time low of $5.59 on Sept. 3, but it subsequently soared to about $42 as of this writing. That massive rally would have turned a $10,000 investment into more ...
Oklo and Nano were up as much as 10.1% and 11.5%, respectively, before retreating, and are up 9.3% and 5.7% as of the time of writing. The upward movements come as the S&P 500 and the Nasdaq ...
Oklo was one of a handful of stocks focused on small modular reactors (SMRs) that soared last year, including NuScale Power and Nano Nuclear Energy, and the performance in January shows investors ...