Advanced nuclear developers Oklo Inc. and X-Energy Inc. are joining tech giants Microsoft and Nvidia in a U.S. Department of Energy program to accelerate reactor development for AI data centers.
The $200-million federal effort includes allocating $60 million across three years to several DOE national laboratories and academic institutions like the University of Texas at Austin.
25 analysts have a 12-month price target of $86.50 on Oklo stock, representing 96% upside from Tuesday's closing price.
Advanced nuclear reactor developers Oklo Inc. (OKLO) and X-Energy Inc. (XE) have joined tech industry leaders in a federal initiative led by the Trump administration to expedite the construction of nuclear power plants dedicated to powering AI data centers.
The $200-million initiative builds on prior partnerships that already include Microsoft Corp. (MSFT) and chipmaker Nvidia Corp.(NVDA). Under the framework, $60 million will be distributed over three years to several national laboratories and educational institutions, including the University of Texas at Austin, according to an internal Department of Energy document viewed by Bloomberg.
https://finance.yahoo.com/markets/stocks/articles/oklo-xe-stocks-jump-hours-225827894.html
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