Is Oklo the Next Millionaire-Maker Nuclear Stock?
No two ways about it, (NYSE: OKLO) investors have had a very bad month.
A developer of small modular nuclear reactors that can power artificial intelligence (AI) data centers, Oklo has benefited mightily from investor enthusiasm over AI stocks, anticipating there will be great demand for Oklo's brand of nuclear power to keep the AI revolution humming.
Oklo stock hit an all-time-high price of $166 in mid-October, up ninefold in 12 months' time. The past 30 days, however, have seen Oklo's share price slide 40%. This, despite the fact that Oklo announced in October it has been awarded a contract from the U.S. Department of Energy (DOE) to build and operate three fuel-fabrication facilities as Advanced Nuclear Fuel Line Pilot Projects -- additional to its previous win of three DOE awards to build actual nuclear power plants.
Source Fool.com
