Oklo Inc. (OKLO), an advanced nuclear technology company, saw its stock surge 6.85% on Tuesday during the intraday trading session. The rally was fueled by investor optimism surrounding former President Donald Trump's proposed energy policies that could create a favorable environment for the nuclear energy sector.
Trump unveiled plans to declare a national energy emergency and implement measures to boost domestic oil and gas production while rolling back climate regulations. This energy-friendly agenda aims to address inflation and lower energy costs for Americans. Crucially, it is expected to provide support for alternative energy sources like nuclear power.
Oklo, which develops small modular reactors designed to provide clean, safe, and affordable energy, is seen as a potential beneficiary of these policies. The company's strong connections, including OpenAI CEO Sam Altman as chairman and investor, and Trump's DOE nominee Chris Wright as a former board member, further bolstered investor confidence in Oklo's prospects under the proposed energy plans.
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