Nuclear is increasingly becoming a preferred source of clean energy for hyperscalers like Microsoft (MSFT), Meta (META), Amazon (AMZN), and Alphabet (GOOGL) (GOOG). Oklo (OKLO), a company backed by OpenAI CEO Sam Altman, is a key pure-play operator in this industry. Known for developing advanced fission power plants and small modular reactors (SMRs), Oklo recently reported its first-ever revenues along with its Texas facility reaching criticality.
Yet, that was not enough to significantly arrest this year's decline in the company's shares.
