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Why Oklo Stock Skyrocketed 178% in October

TheMotleyFool 
0 0 05.11.24
Why Oklo Stock Skyrocketed 178% in October
 

Oklo (NYSE: OKLO) isn't a household name by any stretch, but the nuclear stock was popping up on investors' radars last month as it soared on related sector news.

Oklo is a development-stage company, backed by OpenAI CEO Sam Altman, and it doesn't have any revenue currently. However, nuclear energy is emerging as a favored power source among big tech companies and billionaire investors, and investors looking for exposure to nuclear energy piled into Oklo last month.

According to data from S&P Global Market Intelligence, the stock finished the month up 177.6%, nearly tripling. As you can see from the chart below, the stock basically gained in two phases last month.

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Source Fool.com

Oklo Resources Ltd. Stock

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