The Reactor That Could Power AI — The Micro-Nuclear Bet That’s Shocking Wall Street

From zero revenue to national security linchpin — this isn’t your average utility stock.

The next big winner in the energy market might not be solar. It might not be wind. It might not even exist on the grid yet. But it’s already signed billion-dollar contracts, secured U.S. military backing, and built a waitlist of hyperscale customers desperate for what it’s selling: a fully autonomous, compact nuclear power plant that can run for 10 years without refueling.

This isn’t science fiction. It’s the business plan of Oklo Inc. — one of the most misunderstood, most controversial, and most explosive stories of 2025.

A company with:

• Zero revenue

• No commercial deployments yet

• And a 450% stock surge in less than six months

What do they know that the rest of the market doesn't?

Let’s break it down.

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YTD Performance Snapshot

Created with TradingView

• Share Price: $76.41

• Market Cap: ~$7.3 billion

• 52-Week Range: $13.00 – $78.90

• YTD Performance: +390%

• 2024 Net Loss: −$73.6 million

• Cash on Hand (Q1 2025): $260.7 million

• Total Signed Power Agreements: 14+ GW with AI, defense, and hyperscale customers

• Sector Comparison (YTD):

  • Utilities Sector (XLU): +4.2%

  • S&P 500: +17.3%

  • CleanTech Index (ICLN): −3.7%

Oklo’s run makes it one of the best-performing new listings on the NYSE in 2025.

But with zero megawatts online… is this just another speculative rocket?