Oklo Inc. shares are rising as traders buy the stock following a sharp pullback. Investors are increasing positions ahead of the company's next earnings report.
Growing demand for small modular reactors to power AI data centers is driving positive sentiment. Recent progress with the U.S. Department of Energy and the Nuclear Regulatory Commission has reduced perceived regulatory risks.
Market participants suggest the stock's previous price decline was overdone. This renewed interest reflects confidence in Oklo's ability to meet energy-intensive computing needs.