Stock Track | Oklo Inc. Soars 5.22% on Trump's Nuclear Energy Push and Radioisotope Expansion

Stock Track11-19 22:48

Oklo Inc.'s stock surged 5.22% in the pre-market trading session on Tuesday, following the news of President-elect Donald Trump's potential support for nuclear energy and Oklo's plans to expand into the booming radioisotope market.

Trump's nomination of Christopher Wright, an Oklo board member and CEO of Liberty Energy Inc., as the next U.S. energy secretary has fueled speculation about the incoming administration's pro-nuclear stance. Wright's background in both fossil fuels and nuclear energy, coupled with Trump's campaign promises to promote advanced small modular reactors and achieve energy dominance, has raised expectations of favorable policies for the nuclear industry.

Additionally, Oklo's planned acquisition of Atomic Alchemy and entry into the $55 billion radioisotope market have further boosted investor confidence. The move not only unlocks new revenue streams but also positions Oklo to address critical supply chain bottlenecks in medical and industrial applications involving radioisotopes.

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