Stock Track | Oklo Stock Surges Over 5% Pre-Market as Nuclear Demand for AI Intensifies

Stock Track

Oct 24, 2024

Oklo Inc. (OKLO), a nuclear power startup co-founded by OpenAI CEO Sam Altman, witnessed a significant pre-market surge of 5.14% on Wednesday, as investors doubled down on the growing demand for nuclear energy to power the rapidly expanding artificial intelligence (AI) industry.

The stock's rally comes amidst a broader sector-wide uptrend, fueled by recent deals between major tech giants and nuclear power providers. Companies like Microsoft, Amazon, and Google are increasingly turning to nuclear energy as a clean and reliable source to meet the immense computational needs of their AI systems and data centers.

While Oklo has yet to generate any revenue or secure definitive customer agreements, the company aims to supply its nuclear power to data centers, industrial customers, and utilities. The startup's high-profile backing, including from Palantir co-founder Peter Thiel and ARK Invest's Cathie Wood, has also contributed to the stock's recent momentum and investor enthusiasm.

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(OKLO), a nuclear power startup co-founded by OpenAI CEO Sam Altman, witnessed a significant pre-market surge of 5.14% on Wednesday, as investors doubled down on the growing demand for nuclear energy to power the rapidly expanding artificial intelligence (AI) industry.</p>\n\n<p>The stock's rally comes amidst a broader sector-wide uptrend, fueled by recent deals between major tech giants and nuclear power providers. Companies like Microsoft, Amazon, and Google are increasingly turning to nuclear energy as a clean and reliable source to meet the immense computational needs of their AI systems and data centers.</p>\n\n<p>While Oklo has yet to generate any revenue or secure definitive customer agreements, the company aims to supply its nuclear power to data centers, industrial customers, and utilities. The startup's high-profile backing, including from Palantir co-founder Peter Thiel and ARK Invest's Cathie Wood, has also contributed to the stock's recent momentum and investor enthusiasm.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OKLO","symbol_name":"Oklo Inc.","start_time":0,"source_url":"","article_id":"1163913352","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163913352","pubTimestamp":1729769661,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Oklo Inc. , a nuclear power startup co-founded by OpenAI CEO Sam Altman, witnessed a significant pre-market surge of 5.14% on Wednesday, as investors doubled down on the growing demand for nuclear energy to power the rapidly expanding artificial intelligence  industry.The stock's rally comes amidst a broader sector-wide uptrend, fueled by recent deals between major tech giants and nuclear power providers. 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