Why Nuclear Stock Oklo Just Jumped 18%
Shares of (NYSE: OKLO), a developer of small modular nuclear reactors, surged 17.8% through 9:55 a.m. ET after the company announced "one of the largest corporate clean power agreements ever signed."
Teaming up with artificial intelligence (AI) data center operator Switch, a privately owned company that according to S&P Global Market Intelligence data has a market value in excess of $5.4 billion, Oklo announced this morning that it plans to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044.
Importantly, Oklo describes its relationship with Switch as non-binding, meaning that something (or nothing) could ultimately come of it. But assuming something does happen, here's what it might look like.
Source Fool.com
