Why Oklo Stock Jumped 96% in January
Shares of Oklo (NYSE: OKLO) soared last month as the Sam Altman-backed nuclear energy company benefited from two news events.
First, the announcement of the Stargate Project (for which Altman joined President Trump and Oracle Founder Larry Ellison at the White House) signaled at least $100 billion of investments in AI data centers, which is likely to fuel demand for energy. That piqued the interest of investors in the nuclear energy stock as nuclear is seen as a valuable source of energy to power data centers in the future.
Like the rest of the AI sector, Oklo faced a setback from the DeepSeek launch, which poses a threat to the AI infrastructure ecosystem that companies like Oklo fit into. Later that week, the stock jumped as it signed a memorandum of understanding for a fuel fabrication facility and after it got a buy rating from an analyst.
Source Fool.com
