Why Oklo Stock Dropped a Bit Today
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Shares of Oklo (OKLO) dropped 1.3% following a downgrade to neutral by Seaport Global analyst Jeff Campbell. The stock initially fell nearly 6% in early trading. Despite a significant rise of nearly 16-fold over the past year and positive developments like the groundbreaking of its first nuclear reactor pilot project, concerns about its high valuation and lack of profits led to the downgrade. Campbell expressed caution regarding the stock's current valuation of over $20 billion, questioning its sustainability without revenue or profits.
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