OKLO Hit a Record High This Week. Here is Why.

The share price of Oklo Inc. (NYSE:OKLO) surged by 29.55% between September 9 and September 16, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.

Oklo Inc. (NYSE:OKLO) hit an all-time high this week after the company announced plans to design, build, and operate a facility in Tennessee to recycle used nuclear fuel into fuel for fast reactors like the company’s own Aurora powerhouse. The ambitious project is expected to cost $1.68 billion and will be the first of its kind in the United States.

Oklo Inc. (NYSE:OKLO) revealed that it has already completed a licensing project for the facility with the Nuclear Regulatory Commission and is currently in pre-application engagement with the regulator’s staff. The facility is anticipated to begin producing fuel for the company’s SMRs by the early 2030s.

While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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