What a past month it’s been for shares of nuclear innovation play Oklo (NASDAQ:OKLO), which are still up close to 88%, even after Wednesday’s painful 8% pullback. Since first writing about Oklo as a nuclear energy name that could benefit greatly from the AI tailwind way back in October 2024, shares have gained more than 470%.
Indeed, the Sam Altman-backed nuclear innovator went from a relatively unknown mid-cap stock to an explosive momentum gem that’s fallen on the radars of many.
Still, I highlighted that Sam Altman’s investment was a massive vote of confidence that was not to be ignored. While Altman has won big with the nuclear AI play, I still think there’s room to run.
This post originally appeared at 24/7 Wall St.