Oklo says it’s partnering with Nvidia, sending the stock up
Oklo shares were up in early Thursday trading after the revenue-free retail favorite announced a collaboration between itself, Los Alamos National Laboratory, and Nvidia “to support critical infrastructure development and accelerate the deployment of nuclear energy.”
Oklo said in its press release:
“Projects under the agreement include integrated full-stack solutions to support nuclear powered AI factories; AI development, including physics and chemistry trained AI models to support nuclear fuel R&D; grid stabilization, reliability, and redundancy studies; materials science efforts focused on plutonium-bearing fuel; and proof of concept work related to the development of a nuclear powered AI factory.”
The release leaves several questions about the agreement between Oklo, Nvidia, and the storied federal nuclear research center unanswered, including which entity, if any, is providing funding, and a timeline for the research to begin or yield possible useful findings. Sherwood News has reached out to Oklo for comment and will update with any additional information.
Oklo’s shares have been ripping lately. They’re up more than 8% in Thursday morning trading, pushing their gains so far this month to more than 50%.
That surge — in shares of a company with no commercially available products and no revenue — is part and parcel, after a few weeks of war-related jitters, of the return of the speculative appetite we saw last fall.
“Projects under the agreement include integrated full-stack solutions to support nuclear powered AI factories; AI development, including physics and chemistry trained AI models to support nuclear fuel R&D; grid stabilization, reliability, and redundancy studies; materials science efforts focused on plutonium-bearing fuel; and proof of concept work related to the development of a nuclear powered AI factory.”
The release leaves several questions about the agreement between Oklo, Nvidia, and the storied federal nuclear research center unanswered, including which entity, if any, is providing funding, and a timeline for the research to begin or yield possible useful findings. Sherwood News has reached out to Oklo for comment and will update with any additional information.
Oklo’s shares have been ripping lately. They’re up more than 8% in Thursday morning trading, pushing their gains so far this month to more than 50%.
That surge — in shares of a company with no commercially available products and no revenue — is part and parcel, after a few weeks of war-related jitters, of the return of the speculative appetite we saw last fall.
