Why Shares in Oklo Slumped Today
Shares in (NYSE: OKLO) were lower by 9% as of 11 a.m. this morning. The sell-off in the small modular reactor (SMR) developer comes as the market, at least for now, shifts away from the more speculative stocks exposed to the AI/Data Center investing theme.
It's often the case that investors choose to "sell off on the news", and in this case, it was Nvidia's third-quarter results released on Wednesday. It's not that there was anything wrong with Nvidia's earnings report, but whenever a stock or sector gets hot, there's always an underlying concern that a bubble might be forming.
As such, a stock like Oklo, which is loss-making, has no revenue, and whose prospects are driven by the promise of AI/data center demand, will be sold off when the market gets worried.
Source Fool.com
