Oklo and NuScale Power Have Shed a Combined 85.3% This Year. Why Are Nuclear Stocks Falling?

Nuclear stocks Oklo and NuScale Power have declined significantly in 2026 despite a promising $10 trillion nuclear energy opportunity driven by AI demand. The decline is attributed to shifts in investor risk appetite, lack of near-term cash flows (commercialization not expected until 2030-2040), ongoing shareholder dilution, and overvaluation at the start of the year when market enthusiasm for SMRs peaked.