Oklo Inc. (OKLO) experienced a significant uptick in its stock price, soaring 9.71% during intraday trading on Friday. This surge comes amid a broader rally in nuclear stocks and increased social media attention, particularly on popular investing forums.
The nuclear sector as a whole saw substantial gains, with several companies in the industry posting impressive increases. Alongside Oklo's nearly 10% jump, other notable performers included Lightbridge, Centrus, and NuScale Power, each climbing approximately 6%. NANO Nuclear and Constellation Energy Group (CEG) also saw gains of around 4%, underscoring the sector-wide momentum.
Adding to the upward pressure on Oklo's stock was its growing popularity among retail investors. The company was highlighted as one of the most-discussed stocks on Reddit's Wallstreetbets forum, a community known for its influence on market movements. This social media buzz likely contributed to increased buying activity, as Oklo had already been up 4.5% in pre-market trading according to reports.
The combination of sector-specific strength and heightened retail investor interest appears to have created a perfect storm for Oklo's stock price appreciation. As the nuclear energy industry continues to attract attention due to its potential role in clean energy solutions, companies like Oklo may see further volatility driven by both fundamental factors and social media sentiment.