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Oklo’s Nuclear Energy Surge Faces Valuation Concerns Amid AI-Driven Power Demand
Oklo’s Nuclear Energy Surge Faces Valuation Concerns Amid AI-Driven Power Demand
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BTCCSquare news:
Oklo, a pre-revenue energy company specializing in advanced nuclear fission technology, has seen its stock soar nearly 350% this year. The surge is fueled by soaring electricity demand, partly driven by the AI boom, which is triggering massive R&D spending and receiving strong political support.
Data centers consumed 460 TWh of electricity in 2022, a figure expected to more than double by 2026—equivalent to Japan's total consumption. While Oklo stands to benefit from this trend, its current valuation appears to price in much of its future growth, leaving little room for upside. The stock's meteoric rise may have already reflected its potential, warranting a neutral stance.
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