Oklo Inc.OKLO
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Impact on stocks 1
Energy Transition & Power Demand
Oklo Inc.Oklo Inc.Oklo Inc. shares have fallen 41% in 2026, cutting the nuclear startup's market capitalization to $7.9 billion from a peak of $24 billion last year. The company is developing small modular reactors that could be co-located with data centers to meet rising energy demand from artificial intelligence, a market Bank of America estimates could be worth $10 trillion over decades. However, only two SMR systems are currently operational worldwide, and Oklo has yet to receive full design approval from the Nuclear Regulatory Commission. The company has the backing of OpenAI CEO Sam Altman and holds cash reserves that provide several years of runway, but its valuation remains largely based on future expectations rather than current commercial traction.
Oklo Inc.