Oklo, nuke stocks battered amid speculative stock and momentum unwind
Oklo and other nuclear-related stocks are experiencing significant declines amid a broader momentum unwind. Retail traders have sold approximately $24 million in Oklo shares, with the company's market value dropping from $20.6 billion to below $18 billion. This downturn follows a critical Financial Times article analyzing Oklo's zero-revenue status and its plans to develop smaller nuclear reactors using liquid sodium as a coolant.
Amid a broader unwind of momentum trades, stocks tied to the nuclear-powered AI trade — Oklo, Nano Nuclear, and Centrus Energy among them — are taking a particularly hard beating.
JPMorgan strategist Arun Jain estimates that retail traders have dumped $24 million in Oklo shares through 11 a.m. ET.
This tumble comes alongside a tough-minded story from the Financial Times examining the prospects of this zero-revenue company, which as of yesterday had a market value of $20.6 billion. (It’s below $18 billion after today’s drop.)
Of Oklo’s plans to build smaller nuclear reactors using liquid sodium as a coolant rather than water, the salmon-toned periodical wrote:
