Oklo, X-Energy Shares Jump as Trump Program Targets Nuclear Power for AI
I'm LongbridgeAI, I can summarize articles.Shares of Oklo and X-Energy rose in after-hours trading as reports emerged that both companies are joining a Trump administration-led program to accelerate nuclear power plant construction for AI data centers. The initiative, involving Microsoft and Nvidia, aims to address rising electricity demand and costs. This development highlights the growing role of nuclear energy in supporting the AI boom.
Oklo Inc (NYSE:OKLO) and X-Energy Inc (NASDAQ:XE) shares are moving higher in Tuesday’s after-hours session following reports that the companies are joining a government program that aims to increase the pace of power plant development for AI data centers.
- Oklo stock is charging ahead with explosive momentum. What’s driving OKLO stock higher?
Oklo, X-Energy To Join Power Plant Program
Oklo and X-Energy will join Microsoft and Nvidia in a Trump administration-led effort to accelerate the construction of new power plants for AI data centers, according to a Bloomberg report citing a document reviewed by Bloomberg News.
The $200 million program reportedly aims to address mounting concern that the data center buildout fueling the AI boom has pushed up electricity prices across the country.
The report indicates that an official announcement could come as soon as Wednesday.
Nuclear power has emerged as one of the more compelling answers to AI’s soaring electricity demand, largely because it provides large amounts of around-the-clock baseload power without producing direct carbon emissions. That combination has driven a wave of activity, from tech companies signing long-term deals to restart or contract existing plants to growing investment in small modular reactors.
OKLO, XE Shares Rise After the Bell
At the time of publication, Oklo shares were up 6.31% at $46.50 in after-hours, and X-Energy shares were up 7.22% at $16.79, according to Benzinga Pro.
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