However, the stock gave up that quick gain at the closing bell and closed with a 2.03% drop as investors fully digested the news. The Trump Administration Program Could Be a Meaningful CatalystSo, Bloomberg reported that X-Energy and Oklo (OKLO) were selected to participate in a $200 million Trump administration program designed to accelerate nuclear reactors capable of supplying electricity to AI data centers. For X-Energy, the program provides more than funding. Beyond the new initiative, X-Energy continues advancing its Xe-100 small modular reactor, expanding production of TRISO-X nuclear fuel, and participating in AI-focused nuclear projects alongside leading technology companies. X-Energy Still Trades at a Premium ValuationEven after the sharp decline since its IPO, X-Energy remains an expensive stock by traditional valuation standards.