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Oklo Stock Surges on Bank of America’s Bullish AI Data Center Demand Outlook
Oklo Stock Surges on Bank of America’s Bullish AI Data Center Demand Outlook
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BTCCSquare news:
Bank of America analysts initiated coverage of Oklo with a buy rating, citing the nuclear energy startup's potential to power the AI revolution. The stock climbed over 4% to $75, marking a 250% year-to-date gain as demand for energy-intensive AI infrastructure grows.
Vertical integration and long-term contracts with data center operators position Oklo favorably in the resurgent nuclear sector. The firm set a $92 price target, well above the $80 consensus, highlighting nuclear energy's renewed momentum under DOE support and private sector demand.
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