Why Did Oklo Stock Skyrocket 63.5% This Week?
Shares of (NYSE: OKLO) flew higher this week, finishing up 63.5%. The jump comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq-100 gained 1.2% and 2.2%.
The advanced nuclear reactor developer's stock surged after the U.K. and U.S. announced they will work together to advance nuclear energy technology and slash permitting wait times.
A memorandum of understanding between the two countries was made public on Thursday, outlining collaboration on nuclear energy development. The agreement emerged from President Trump's U.K. visit this week, where nuclear energy and artificial intelligence (AI) were the dominant topics.
Source Fool.com
