Oklo Shares Climb 11.5% After Canada Uranium Warning Lifts Value by $850 Million

Oklo (OKLO) and Meta (META) agreed to build a 1.2-gigawatt nuclear facility in Ohio, with construction starting in 2027 and first phase online around 2030. Oklo's Aurora reactors, though faster and cheaper to build, are untested. Oklo's stock is down 45% this year. Microsoft also signed a nuclear power deal for its AI data centers.

Oklo (OKLO) stock rose 12% to $44 on supply concerns amid U.S.-Canada trade tensions, adding $850M to its market cap. The company's Aurora reactors rely on advanced fuels, and recent political developments highlight risks tied to material access. Oklo has strong cash reserves ($3.01B) and operational milestones, like its Groves reactor reaching criticality. Analysts' price targets range from $14 to $130, with an average of $80.

Intuit (INTU) fell 3.37% to $357.46 after reporting Q4 revenue of $4.35B and adjusted EPS of $4.03, beating estimates, but guidance missed. DICK'S (DKS) dropped 30.68% to $124.31 after cutting its full-year profit outlook. Zoom (ZM) declined 3.73% to $100.92, despite Q2 earnings beat, on weaker Q3 guidance. Oklo (OKLO) rose 11.54% to $44.27 on uranium price gains and nuclear sector optimism. Rezolve AI (RZLV) climbed 21.81% to $2.96 after Google selected its platform for Google Cloud.

Oklo Inc. (NYSE:OKLO) shares rose 11.41% to $44.22 on Tuesday amid a broader rally in uranium miners and nuclear tech developers. The surge follows Ontario Premier Doug Ford's threat to cut off U.S. access to Canadian uranium, pushing spot prices to a seven-month high. Investors see the trade tensions as a positive for U.S. nuclear developers like Oklo, which reported progress on test reactor milestones and holds $3 billion in cash.

Oklo Inc. (OKLO) stock rose 8.63% after the U.S. Department of Energy approved its Groves Isotope Test Reactor. The company reported Q2 revenue of $1.21M and a net loss of $48.5M, with $1.64B in cash. OKLO has 14 GW of customer agreements and targets first power in 2027-2028. The stock is volatile, down 42% year-to-date but rebounded from a July dip.

Oklo Inc. (OKLO) shares rose as investors returned to nuclear energy stocks, driven by optimism about AI data center power needs. The company reached a key milestone with its Groves Isotope Test Reactor, supported by the U.S. Department of Energy. Oklo has a strong cash position but remains in a pre-commercial phase with high cash burn and no revenue.