Should You Buy Oklo Stock While It's Under $171?
Oklo (NYSE: OKLO) went public in 2024 by merging with a special purpose acquisition company co-founded by Sam Altman, the visionary behind ChatGPT. It's not hard to understand why Altman wanted to bring more attention to small modular nuclear reactor companies like Oklo. The artificial intelligence space is growing rapidly, but it will need more and more power to continue this growth. Small modular reactors (SMRs) like the ones Oklo specializes in could be a viable solution.Hype around AI and SMRs caused Oklo stock to balloon in 2024 and 2025. But after setting new all-time highs last month, shares have pulled back from around $171 to just above $120 as I write this on Nov. 5. Is this your chance to buy into this exciting growth stock at a discount?Oklo's stock has been surging due to rising hype, but so have the stock prices of other SMR names like NuScale Power and Cameco. The world is hungry for more clean energy. And despite decades of failures, it seems that the age of SMR technology is finally upon us. NuScale already has certified reactors under production. Oklo has nonbinding order agreements from data center operators like Equinix. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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