Oklo Inc. (NYSE: OKLO) surged 15.12% during intraday trading on Thursday, outperforming the broader market as nuclear energy stocks rallied sharply. The rally was fueled by comments from Nvidia Corp. (NASDAQ: NVDA) CEO Jensen Huang, who highlighted nuclear power as essential to meet the massive electricity demands of AI data centers.
The VanEck Uranium and Nuclear ETF (NYSE: NLR) jumped more than 4%, its strongest session since late October, with Oklo Inc. leading the charge alongside peers like NuScale Power Corp. (NYSE: SMR) and Nano Nuclear Energy Inc. (NASDAQ: NNE). Investors are betting on nuclear energy as a critical solution for powering the next generation of AI infrastructure.
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