Is Oklo a Millionaire-Maker Stock?

With shares up 402% year to date, Oklo (NYSE: OKLO) has already generated some impressive returns for its early backers. While nuclear energy has historically been a somewhat neglected sector of the economy, it is finally gaining Wall Street's attention because of its ability to deliver the vast amounts of carbon-neutral electricity that will be needed to power data centers and other forms of artificial intelligence (AI) infrastructure.

Let's see whether or not the company still has millionaire-maker potential.

For the last few years, energy generation hasn't been a particularly attractive target for investment in the U.S. According to the Energy Information Administration (EIA), demand was essentially stagnant for most of the century, with just 0.1% growth between 2005 and 2020. demand for electricity started to pick up sharply after the COVID-19 pandemic, and the trend could accelerate over the coming decades.

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Source Fool.com