Shares of advanced nuclear energy firm Oklo Inc (NYSE:OKLO) are trading higher Thursday. The surge follows a bullish analyst update this week and recently announced strategic partnerships aimed at powering the energy-intensive artificial intelligence sector. Here’s what investors need to know.
What To Know: This week, Bank of America initiated coverage with a Buy rating and a $92 price target, citing Oklo as “well positioned to meet the rising energy needs of AI.” Oklo has been actively capitalizing on this trend, with a pipeline of more than 14 gigawatts in memorandums of understanding.
