Oklo Stock Rallies 10% on Strategic Nuclear Energy Deal with Nvidia (NVDA)
Shares of Oklo (OKLO) surged over 9% following a partnership announcement with Nvidia (NVDA) and Los Alamos National Laboratory aimed at advancing nuclear energy systems for AI infrastructure. The stock has gained over 25% in the past five days, reflecting strong investor interest. HSBC analyst Samantha Hor upgraded OKLO to Buy with a price target of $96. The collaboration will leverage AI for nuclear fuel research and reactor development, enhancing Oklo's position in the nuclear and AI sectors while progressing through regulatory steps.
Shares of Oklo (OKLO), a U.S.-based reactor technology company, surged more than 9% after the company announced a collaboration with Nvidia (NVDA), an AI chip company, and Los Alamos National Laboratory on April 23. The purpose of the deal is to advance the nuclear energy system to support the rapidly growing demand for artificial intelligence (AI) infrastructures.
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The price of OKLO rose more than 9.5% during early trading after the company announced a partnership with Nvidia and Los Alamos National Laboratory.
According to TipRanks data, the stock has gained more than 25% over the past five days, highlighting strong momentum driven by recent developments and past performance. Moreover, Samantha Hor, an analyst at HSBC Holdings (HSBC), has upgraded OKLO to Buy, raising her price target to $96 and projecting more than 25.2% upside from current levels.
Notably, OKLO’s continued price increase reflects growing investor interest in companies operating in both the artificial intelligence and energy sectors. Although the stock climbed sharply earlier in the session, some of those gains were later trimmed. As a result, it is now trading around $75, representing an increase of roughly 5%.
Key Details of the New Partnership
As part of the new agreement, Nvidia, Oklo, and Los Alamos National Laboratory are expected to use AI and advanced computing to support nuclear fuel research and develop energy solutions for next-generation AI infrastructure.
Jacob DeWitte, Oklo’s co-founder and CEO, said the partnership will combine Oklo’s advanced sodium fast reactor technology, Nvidia’s AI computing systems, and Los Alamos’ expertise in nuclear fuels and materials science.
In addition, DeWitte noted that the company’s Pluto reactor was selected under the U.S. Department of Energy’s Reactor Pilot Program. As a result, this could help the government build the necessary infrastructure to advance its “Genesis mission.”
Oklo Deepens AI Integration to Scale Nuclear Energy Capabilities
Oklo said its collaboration with Nvidia and Los Alamos National Laboratory will use AI to support nuclear fuel research and reactor development. Through the effort, the companies plan to improve fuel validation, support power studies, and strengthen work tied to grid performance.
Beyond research, the partnership includes proof-of-concept projects aimed at nuclear-powered AI factories. Those efforts are expected to explore how advanced reactors could help meet rising energy demand from data centers and high-performance computing.
For Oklo, the agreement marks a broader push to link nuclear energy with next-generation computing infrastructure. The company is also advancing fuel recycling and other parts of the domestic nuclear supply chain as it expands its long-term strategy.
Meanwhile, Oklo continues to move through key regulatory steps, following a Department of Energy site use permit and progress on its reactor license application with U.S. regulators. Taken together, the partnership and licensing progress deepen Oklo’s position in both nuclear power and AI infrastructure.
