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Benzinga

Business

Nabaparna Bhattacharya

Nuclear Startup Oklo Soars As AI Boom Sparks Need For New Power Sources

Oklo Oklo Inc Electricity Nuclear Power United States

Oklo Inc.

Oklo Inc. (NYSE:OKLO) shares jumped Tuesday after the nuclear startup advanced a key regulatory milestone for its Aurora Powerhouse reactor. Analysts cited accelerating approval timelines, rising U.S. electricity demand from AI and data centers, and strong bipartisan policy support for next-generation nuclear power as reasons for the rally.

The nuclear startup reported a second-quarter loss of 18 cents per share, missing estimates for a loss of 12 cents per share, according to Benzinga Pro.

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