Next-Gen Nuclear Stocks Lose 1 Trillion Won in a Day
By ATTN Desk · Editorial oversight: Sean Han
On February 2, OKLO Inc. (NYSE: OKLO) closed at $73.65 on the New York Stock Exchange, down 7.54% from the previous day.
About 6.02 million shares changed hands, and the company’s market capitalization stood at roughly $11.5 billion (about ₩15.5 trillion), implying a one-day loss of approximately $800 million (₩1.1 trillion) in market value.
According to Benzinga, the share drop reflected broad weakness in uranium and nuclear-power stocks following news of revived U.S.–Iran nuclear negotiations.
Earlier this year, OKLO drew attention as an AI and healthcare-themed play after signing a power pre-purchase and long-term supply agreement with Meta to develop a 1.2 GW nuclear campus in Ohio, and announcing a collaboration with the U.S. Department of Energy to build a pilot facility for medical radioisotopes.
Based in Silicon Valley, OKLO is a pioneer in next-generation small fast reactors and is developing its microreactor, the Aurora Powerhouse, for AI data centers as well as defense and industrial customers.
The company went public via a SPAC merger in 2024. With OpenAI’s Sam Altman as an early investor and board chair, it commands a high valuation driven by anticipated AI-related power demand, despite not yet generating revenue.