Oklo Stock Plummets 15% Amid Oracle Data Center Delays
Oklo shares suffered a sharp 15% decline this week after Oracle announced unexpected delays in its data center construction projects. The setback has cast doubt on near-term demand for nuclear energy solutions tailored to power-hungry AI infrastructure.
The selloff reflects waning Optimism about the rapid deployment of small modular reactors (SMRs) to meet tech giants' energy needs. Oracle's postponed projects were seen as key drivers for Oklo's technology, which specializes in compact nuclear reactors designed for tech campuses.
Investors had aggressively positioned in nuclear energy stocks anticipating an AI-driven power demand surge. This week's price action serves as a reality check for companies like Oklo that remain in pre-revenue stages while navigating regulatory approvals.
