Oklo Is Down 86% From Its High. Will Shares Soar When Meta's Reactor Comes Online?

Oklo, a small modular reactor (SMR) developer, has seen its stock plummet 86% from its high despite strong AI-driven demand for nuclear energy. While Meta has committed to a 1.2 GW SMR system with construction potentially starting in late 2028/early 2029, meaningful electricity generation isn't expected until 2030 at earliest. Rising capital costs, lack of NRC approval, and deteriorating AI sentiment pose significant risks to the project timeline and Oklo's financial viability.