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Oklo Stock Rises on Canaccord Initiation and DOE Selection
Oklo Stock Rises on Canaccord Initiation and DOE Selection
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BTCCSquare news:
Oklo shares surged 6.5% Friday, defying broader market declines, after Canaccord Genuity initiated coverage with a buy rating and a $175 price target. The nuclear energy company's inclusion in a Department of Energy pilot program for advanced reactor fuel fabrication added momentum.
Analysts see Oklo as a potential solution for powering AI data centers, though its unproven technology and lofty valuation warrant caution. "Nuclear energy's renaissance meets AI's insatiable energy demands," observed one market watcher, noting the stock's appeal hinges on successful execution.
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