
Heading into the new year, nuclear power stocks have been capturing investor attention. This is largely due to the vast energy consumption of artificial intelligence (AI). Data centers, chatbots, AI models, and even AI chips all use a great deal of power, forcing companies like Nvidia (NVDA), Alphabet (GOOGL), and Amazon (AMZN) to invest in various power utilities to meet their needs. This has lifted the stocks of various traditional utility companies and has also led to a rise of investment in nuclear power firms.
Oklo, which came public in May 2024, is one such company. Its shares are up 153% over the past 52 weeks, and and up nearly 190% in just the past three months.