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Why Oklo Stock Dropped Monday

TheMotleyFool

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Oklo (NYSE: OKLO) stock soared by 29% on Friday after the Trump administration and the government of the United Kingdom announced agreements to speed up the development of the two countries' artificial intelligence, quantum computing, and nuclear energy sectors.

Last week, I called that market response an overreaction because the U.K.-U.S. agreement won't benefit Oklo directly (or at all) -- and in fact appears most likely to benefit an Amazon-backed rival nuclear power company called X-Energy.

On Monday, Oklo stock is giving back a fraction of those gains, trading down 2% through 10:15 a.m. ET.

Source Fool.com