Oklo Inc. (OKLO) shares traded flat Thursday morning after halting what had been a punishing 35% correction over the past month. While the nuclear startup announced a partnership with Siemens Energy earlier this week, the real catalyst seems to be Nvidia's earnings report landing exactly when Oklo bulls needed some good news.
The AI Energy Connection
Here's why Nvidia's numbers matter for a nuclear startup: Nvidia just reported $57.01 billion in revenue, crushing estimates on the back of a massive 56% year-over-year jump in Data Center revenue to $51.2 billion. For anyone holding Oklo, that's not just another tech earnings beat. It's confirmation that the AI infrastructure boom is still accelerating.
The market has effectively been pricing Oklo as a derivative of the AI trade throughout 2025. The logic goes like this: advanced AI training and inference require enormous amounts of electricity, creating a supply bottleneck that solar panels and wind turbines can't solve by themselves. When the sun sets and the wind stops, those data centers still need power.
As Nvidia's customers (think hyperscalers like Amazon, Microsoft, and Google) expand data center capacity to accommodate next-generation chips, the demand for reliable 24/7 baseload power becomes increasingly critical. That's where Oklo's pitch comes in.
The Aurora Solution
Oklo's "Aurora" fission powerhouses are positioned as the scalable solution to this energy deficit. Yes, the company is pre-revenue. Yes, it recently missed earnings estimates. But Nvidia's guidance suggests the capital expenditure cycle for AI infrastructure remains robust, which means the energy problem isn't going away anytime soon.
Market data assigned Oklo an exceptionally high momentum score of 98.72, reflecting the intense trading activity around the stock despite its recent volatility.
Price Movement
Oklo shares were up 0.17% at $102.90 in early Thursday trading before settling flat as the session progressed, according to market data.
