Oklo Forms Bullish Chart Pattern
Oklo Inc. (OKLO), a leader in small modular reactor technology, is demonstrating a chart pattern reminiscent of its performance in April 2024. The stock has experienced a correction of approximately 63.44%, striking support at its 200-day moving average, mirroring a prior pattern that preceded a surge from around $17 to nearly $200 per share.
Support for Data Centers Off-Grid
Recent statements from former President Donald Trump indicate that major tech companies, including Microsoft (MSFT), will need to secure their own power for energy-intensive data centers, leading to a significant shift. Currently, 33% of planned data centers are projected to operate off the grid, a trend favorable for Oklo’s market position.
Major Deal with Meta Platforms
Oklo has validated its nuclear ambitions by signing a significant agreement with Meta Platforms (META) to develop a 1.2 GW energy campus, enhancing its potential to capitalize on the growing demand for reliable energy sources.
