Shares of nuclear startup Oklo Inc (NYSE:OKLO) are trading higher Friday afternoon, extending a rebound from a midweek sell-off. The stock, up over 500% this year, continues to attract investors despite its high-risk profile and recent volatility.
What To Know: Enthusiasm is fueled by the booming AI industry’s energy needs and Oklo's promising small modular reactor technology. High-profile backing from OpenAI's Sam Altman, a partnership with European developer newcleo and a Pentagon project to deploy microreactors for the U.S. Army have bolstered investor confidence and driven its remarkable rally.
