AI demand is expected to stay elevated in 2026 and beyond. Companies need more and more computing power, which in turn means energy demand to enable this compute will also stay high. Having said that, this cannot simply translate to stock price appreciation for companies powering these data centers. That’s not how the market works. There is a certain amount of optimism that stocks have already priced in. For companies like Oklo (OKLO), which do not yet have any revenue, it becomes hard to assess what exactly is priced in.
While all energy stocks have benefited from this AI boom, nuclear energy has received special attention from President Donald Trump. OKLO’s small modular reactor has helped it become a strong candidate and one that deserves further scrutiny, especially after losing more than half its value in a matter of months.
