Here is Why Oklo (OKLO) Hit its All-Time High This Week

The share price of Oklo Inc. (NYSE:OKLO) surged by 36.73% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

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 to an all-time high this week after the company was selected by the government to supply nuclear energy to Eielson Air Force Base in Alaska. The project would see Oklo design, build, and operate an energy-generating facility to supply power and steam heating to the base, under a long-term agreement.

Moreover, to help improve its liquidity, Oklo Inc. (NYSE:OKLO) announced this week that it is seeking to raise as much as $400 million in a secondary share offering, with the transaction expected to close on June 16, 2025. The nuclear energy startup has names like Goldman Sachs and BofA leading the offering, along with Citigroup and JPMorgan.

Thanks to Sam Altman’s support and the White House’s renewed interest in the nuclear energy sector, the share price of Oklo Inc. (NYSE:OKLO) has surged by a staggering 532% over the last year.

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.