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The Crowd Is Dumping Oklo. Here's Why I'd Be Buying It Down 44%.
['Steven Porrello', 'The Motley Fool', 'July', 'Min Read']
Yahoo Finance
Oklo (NYSE: OKLO) is trying to solve a simple problem that is getting bigger fast: AI data centers, industrial sites, and other power-hungry customers need more reliable electricity than the grid can provide.
Continue »Oklo's answer to this is a small nuclear reactor that can sit close to customers, like data centers and factories.
Besides, Oklo is burning cash today and may still be years away from earning money on nuclear power.
The reason I would buy Oklo todayI said earlier that Oklo is helping solve a potential power crisis in the U.S.
Under the terms of this agreement, Oklo plans to develop a 1.2-gigawatt nuclear power campus in Ohio to support Meta's data centers in that area.