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Why Oklo Stock Is Skyrocketing Today

TheMotleyFool

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Why Oklo Stock Is Skyrocketing TodayPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Already, companies like Platforms and Switch have lined up to work with upstart (NYSE: OKLO) on developing nuclear energy solutions. That list of partners is a little longer after the company announced a collaboration with Nvidia today to develop nuclear energy solutions for artificial intelligence (AI). And that's not all. A firm's initiation of coverage on the advanced nuclear energy company -- along with an auspicious price target -- is giving investors grounds to pick up shares.

As of 11:28 a.m. ET, shares of Oklo are up 9.1%, paring back an earlier gain of 11.3%.

Image source: Getty Images.

Source Fool.com