Data center operators are facing a growing challenge: securing reliable power to handle the demands of modern computing, especially artificial intelligence (AI). Oklo (NASDAQ: OKLO) believes it has a solution with its advanced nuclear power technology.

Since its IPO in May 2024, Oklo stock has captured attention with dramatic gains, leaving many investors wondering whether it can continue to outperform the broader market. Let’s explore what’s driving Oklo’s performance and what potential lies ahead.

Why Oklo Is Getting Investor Attention

AI is transforming industries worldwide, but data centers, which run AI applications, need immense amounts of electricity. Oklo provides small modular nuclear reactors (SMRs) designed to meet these high-power demands safely and efficiently.

The stock has skyrocketed around 400% since the start of the year, significantly outperforming the S&P 500, which has gained approximately 17% over the same period.

Key deals have helped drive this surge:

• December 2024: Partnership with Switch, a major data center operator.
• May 2025: Agreement with Korea Hydro & Nuclear Power, highlighting global demand for Oklo’s technology.

Another major factor fueling growth was supportive government policy. Former President Donald Trump’s executive orders emphasized a revival of the U.S. nuclear energy sector. As Michael Kratsios from the White House stated, “Over the last 30 years, we stopped building nuclear reactors in America that ends now.

Recent Milestones Boosting Oklo

Oklo’s latest achievements have further increased investor interest. In mid-November 2025, the company announced a collaboration with Siemens Energy. This partnership focuses on the Aurora powerhouse project at Idaho National Laboratory, aiming to fast-track engineering and component sourcing for Oklo’s innovative power conversion system.

These milestones demonstrate Oklo’s commitment to moving from concept to commercial reality, a key factor for growth-focused investors.

Could Oklo Stock Keep Rising?

Oklo offers a unique solution for powering data centers, which has attracted investors seeking high-growth opportunities. If the Aurora reactor moves successfully from prototype to commercial operation, the company could see substantial market interest.

However, investors should approach cautiously. Key risks include:

• Regulatory hurdles: Oklo must obtain approvals for its advanced nuclear technology.
• Profitability uncertainty: Even if commercialized, the company may face challenges generating consistent profits.

In short, while Oklo stock has dramatically outperformed the S&P 500 since its IPO, its future growth is not guaranteed. Only investors comfortable with higher-risk, high-reward opportunities should consider buying shares.

Final Thoughts

Oklo represents a promising player in the advanced nuclear energy sector, especially for powering high-demand data centers. Its stock’s explosive growth highlights investor enthusiasm, but caution is essential given the uncertainties surrounding regulatory approval and commercialization.

For growth investors with a higher risk tolerance, Oklo could offer exciting upside, but patience and careful monitoring of milestones will be crucial.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks, especially early-stage companies like Oklo, carries risks, and past performance is not indicative of future results. Please consult a licensed financial advisor before making investment decisions.