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Oklo Inc OKLO and X-Energy Inc 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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This article Oklo, X-Energy Shares Jump as Trump Program Targets Nuclear Power for AI originally appeared on Benzinga.com.
