Oklo Inc. (OKLO) shares plummeted 12.19% in Thursday's trading session, erasing gains from the previous day's rebound. The significant drop comes as the broader market faces downward pressure and investors grapple with company-specific concerns.

The decline can be attributed to several factors. Firstly, major indexes are down following comments from Fed official Austan Goolsbee expressing uncertainty about future rate cuts due to a lack of recent inflation data. Additionally, Oklo, which aims to build compact nuclear reactors for AI data centers, has been affected by recent weakness in the AI sector. Investors are also reacting to a recent S-3 filing that allows the company to sell up to $3.5 billion in securities to fund future operations, potentially diluting existing shareholders.

Looking ahead, all eyes are on Oklo's upcoming third-quarter earnings report, scheduled for release on November 11. Wall Street analysts forecast a consensus loss of 13 cents per share. The stock's outlook remains mixed, with recent downgrades from some firms contrasting with Buy ratings from others, reflecting differing views on the nuclear startup's valuation and prospects.