Why Is OKLO Stock Rising in Pre-Market Today, July 22?
Complete. Here is the key summaryOklo (OKLO) shares rose over 4% in pre-market trading on July 22 amid reports that the company may join Microsoft and Nvidia in a Trump administration-backed $200 million program to accelerate nuclear power deployment for AI data centers. The initiative, to be announced at the Department of Energy's AI energy summit, aims to meet growing power demands through advanced small modular reactors. Despite the rally, Oklo remains down more than 35% year-to-date due to execution risks and regulatory hurdles.
Shares of Oklo (OKLO) are up by more than 4% in pre-market trading on Wednesday after reports that the company could join Microsoft (MSFT) and Nvidia (NVDA) in a $200 million program. The Trump administration-backed program aims to speed up nuclear power deployment for AI data centers. The stock had already gained 6.3% in Tuesday's session but remains down more than 35% year-to-date.
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High conviction NVDA bears now have this Tradr ETFFor context, Oklo Inc. is an advanced nuclear energy company developing next-generation small modular reactors. Its flagship project, the Aurora powerhouse, is a compact fast reactor designed to provide clean and scalable electricity for data centers.
More About the Program
The proposed program would bring together advanced nuclear reactor developers Oklo and X-Energy (XE) with major technology companies to help power the next generation of AI data centers. An official announcement is expected at the Department of Energy's AI energy summit this week. XE stock also climbed 3.5% in pre-market trading today as investors cheered the nuclear power initiative.
As part of the program, about $60 million of the funding will go to national labs and universities to support nuclear energy research.
Overall, the program aims to meet the fast-growing power demand from AI data centers by expanding the use of nuclear energy.
Oklo Stock Performance
In the last six months, OKLO stock has plunged over 50%. After a sharp rally in late 2025, many investors chose to lock in profits, putting pressure on Oklo's stock. Investors have also remained cautious because Oklo still faces execution risks, including securing regulatory approvals and successfully deploying its advanced nuclear reactors.
Oklo has a market value of $7.22 billion. The stock has traded in a 52-week range of $39.53 to $193.84 and is currently at $44.13. Meanwhile, the stock has an average trading volume of 9.69 million shares over the last three months.