Oct. 22 at 7:52 PM
Oklo shares tumbled 16% on Wednesday, capping a 32% slide from last week’s record high of
$193.84 and marking their worst week since May 2024. The drop comes amid growing concerns about the company’s lack of revenue and limited commercial progress, as well as Cathie Wood’s ARK Autonomous Tech ETF selling over 53,000 shares earlier this week.
Despite the sharp pullback, Oklo’s stock remains up more than 400% this year, supported by optimism surrounding its advanced nuclear reactors that can run on recycled waste and produce more fuel than they consume. The company, which went public in 2024 through a SPAC backed by OpenAI CEO Sam Altman, continues to benefit from strong government interest in next-generation nuclear technology to power AI data centers and meet clean energy goals.
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