Oklo (OKLO) stock was on the rise Thursday after the fission power plant company announced a new partnership with semiconductor giant Nvidia (NVDA) and Los Alamos National Laboratory (LANL). This collaboration will focus on the advancement of critical nuclear infrastructure, AI-enabled research, and nuclear fuel research and development at LANL.
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Trade NVDA with leverageThis collaboration between Oklo, Nvidia, and LANL will focus on a few major points of interest, including:
- Physics- and chemistry-based AI models, including trained inference models to support fuel validation and research and development for plutonium-bearing fuels.
- Materials science and fabrication research and development for plutonium-bearing fuels.
- Power generation, grid reliability, redundancy, and stabilization studies in support of nuclear-powered AI factories at LANL.
Oklo co-founder and CEO Jacob DeWitte said, “This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise. We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission.”
Oklo Stock Movement Today
Oklo stock was up 8% in premarket trading on Thursday, following a 15.65% rally yesterday. The shares have also increased 0.91% year-to-date and 197.74% over the past 12 months.
With today’s news came solid trading of OKLO stock, as some 3.9 million shares changed hands. This represents strong premarket trading compared to a three-month average daily trading volume of about 9.58 million shares. It’s possible OKLO stock could surpass its daily average by the time markets close today.
Is Oklo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Oklo is Moderate Buy, based on nine Buy and five Hold ratings over the past three months. With that comes an average OKLO stock price target of $91.50, representing a potential 26.36% upside for the shares.
