Oklo Inc. (OKLO) stock soared 5.13% in the intraday session on Wednesday, as the nuclear energy sector staged a broad rally following the recent sell-off sparked by concerns over the potential impact of DeepSeek, a Chinese AI startup.
The rebound in Oklo's share price was part of a broader recovery in nuclear energy stocks, as investors reassessed the potential implications of DeepSeek's technology on the industry's prospects. Analysts had initially raised concerns that DeepSeek's AI advancements could dampen the projected surge in U.S. electricity demand and tech spending, leading to a sharp sell-off in power producers and nuclear energy companies on Monday.
However, as investors digested the potential threat posed by DeepSeek, nuclear energy stocks regained ground, with Oklo and other industry players such as NANO Nuclear Energy, NuScale Power, and Energy Fuels all posting gains on Wednesday. This rebound suggests that investors may have initially overreacted to the DeepSeek news and are now reevaluating the long-term growth potential of the nuclear energy sector.
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