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Nuclear Energy Stock Surges Over 900% Amid AI-Driven Power Demand
Nuclear Energy Stock Surges Over 900% Amid AI-Driven Power Demand
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BTCCSquare news:
Once a niche segment in renewable energy, nuclear power investments are now capturing Wall Street's attention. Oklo Inc. (OKLO) has seen its stock skyrocket 940% in the past year as artificial intelligence's insatiable electricity demands collide with advancements in small modular reactor technology.
The AI boom is rewriting energy economics. Data center operators are scrambling to secure reliable power, with Oklo securing letters of intent for 750MW of capacity and a landmark 12GW deal with Switch through 2044. Political tailwinds add momentum—former President Trump's executive orders last May accelerated nuclear sector development.
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