Oklo (OKLO) Fell This Week. Here is Why

The share price of Oklo Inc. (NYSE:OKLO) fell by 9.84% between January 9 and January 16, 2026, putting it among the Energy Stocks that Lost 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) jumped by almost 47% earlier this month after the company struck a nuclear power agreement with Meta, with the two companies advancing plans to develop a 1.2 GW power campus in Ohio. The agreement aims to support Meta’s power needs for its data centers, with pre-construction activities expected to begin in 2026 and the first phase operational as soon as 2030. Moreover, Oklo announced an agreement with the US Department of Energy to develop a radioisotope pilot plant under the latter’s Reactor Pilot Program. So the recent share price correction may be due to investors booking profits.

Moreover, Oklo Inc. (NYSE:OKLO) also came under pressure following recent reports that Ormat, a geothermal company, has signed a 20-year power purchase agreement with data center operator Switch. Investors may now view geothermal as an emerging alternative to nuclear reactors to help power the AI boom.

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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Disclosure: None.