Why Did Oklo Stock Fall 16.2% This Week?
Shares of (NYSE: OKLO) fell this week, down 16.2% as of 3:16 p.m. ET on Friday. The move comes as the S 500 gained 2.1% and the Nasdaq-100 gained 2.4%.
After months of positive sentiment driven by projected power demand from artificial intelligence (AI) data centers, Oklo's stock has exploded, up nearly 550% this year alone. This week, several news stories sowed doubt in the minds of investors as to just how much power AI will need in the coming years.
A research paper out of China was widely circulated that claims AI models can be made to run much more efficiently without sacrificing utility. This was followed closely by comments from the CEO of a major producer of gas and wind turbines signaling that growth could be slowing.
Source Fool.com
