Oklo Inc. (NYSE: OKLO) experienced a significant downturn in the market, with its stock plummeting 5.14% during Sunday's trading session. This sharp decline comes in the wake of the company's announcement of substantially higher losses for the fiscal year 2024 compared to the previous year, overshadowing its impressive long-term performance.

The nuclear technology company has been navigating a complex landscape of regulatory engagements and strategic partnerships. Despite the recent setback, Oklo has demonstrated strong long-term potential, with a total shareholder return of 129.41% over the past three years. The company has been making strides in industry collaborations, including a Memorandum of Understanding with Lightbridge Corporation in January 2025 and a Memorandum of Agreement with the U.S. Department of Energy in March 2025, positioning itself as a key player in nuclear technology advancement.

However, the market's reaction appears to be primarily driven by short-term financial concerns. The higher losses reported for FY 2024 have likely raised investor concerns about the company's immediate financial health and profitability. This, coupled with a broader market decline of 1.7% over the past week due to tariff impacts and economic data releases, has contributed to the downward pressure on Oklo's stock price. As the company continues to invest in its Aurora Powerhouse project and navigate regulatory processes, investors will be closely monitoring its ability to translate its strategic initiatives into improved financial performance.