“`html
Core Facts about Oklo’s Market Performance
Nuclear startup Oklo (NYSE: OKLO) has experienced a staggering 900% increase in share prices over the past year. However, its shares tumbled by 69% in May 2024 from their highs and have faced numerous volatility instances, including eight drops of over 20%, with a significant 64% drop in April.
Founded in 2013 by Jacob DeWitte during his doctoral studies at MIT, Oklo is developing small modular reactors (SMRs) that could power AI data centers effectively, leveraging the projected 78% increase in U.S. electricity demand over the next 50 years. This innovative positioning may open unexpected markets, similar to Nvidia’s trajectory in the tech industry.
“`
