Oklo’s Stock Surges 30% This Week
Oklo’s stock experienced a significant boost, climbing double digits for the second consecutive day, following the announcement of a major advancement in the construction of its inaugural nuclear power plant.
On Wednesday, shares of Oklo surged as much as 22% in early trading before settling to an approximate 15% increase. Over the course of the week, the stock has accumulated over a 30% rise.
Yesterday, shares rose nearly 11% after the company declared the completion of borehole drilling for site characterization at a potential plant location in Idaho. Oklo’s first-quarter earnings report revealed plans to commence operations at the facility by late 2027 or early 2028.
Despite reporting no revenue during the quarter, Oklo faced an operating loss of $17.9 million, reflecting a 142% year-over-year increase. With around $4 million in investment income and an additional $4 million income tax benefit, the net loss was narrowed to $9.8 million, down from $24 million a year ago.
The surging demand for nuclear energy can largely be attributed to tech giants establishing data centers that require substantial electricity for artificial intelligence operations. Major companies like Microsoft, Amazon, and Meta are investing in nuclear energy as they search for efficient, low-carbon power solutions.
Alongside Oklo, other nuclear power providers such as Constellation Energy Group and Vistra have also experienced notable growth amid Wall Street’s AI-driven investment trends.
UnitedHealth Recovers After Prior Day’s Decline
Shares of UnitedHealth Group bounced back slightly after a steep 18% drop the previous day due to rising costs and the departure of CEO Andrew Witty, which led to the withdrawal of its guidance.
The stock was likely buoyed by analysts maintaining their ratings despite lowering price targets. UBS held its “buy” rating, asserting faith in the company’s long-term growth despite the setbacks.
Oppenheimer and Morgan Stanley analysts also retained positive views, predicting a recovery for UnitedHealth in the future.
Currently, UnitedHealth shares are trading at around $313, following a dramatic decline, marking a 38% decrease for the year.
AMD Stock Climbs on New $6 Billion Buyback Announcement
AMD shares rose significantly as the semiconductor company disclosed a new $6 billion stock repurchase plan, enhancing its total buyback program to $10 billion.
CEO Lisa Su stated that this expansion reflects the board’s confidence in AMD’s growth trajectory. The stock also benefitted from a partnership with Saudi AI startup Humain.
On the back of this news, AMD’s stock surged over 5%, edging closer to recovering its year-to-date losses, despite having dropped more than 20% in the past year.
Supermicro Shares Surge Following Major Gains
Super Micro Computer saw its shares skyrocket again after announcing a substantial $20 billion partnership with a Saudi data center firm.
The stock has gained 50% since the start of 2025, continuing its impressive run following initial announcements of AI partnerships.
Analysts at Raymond James initiated coverage with an “outperform” rating, noting Supermicro’s significant market position in AI infrastructure.
American Eagle Outfitters’ Stock Falls Following Outlook Withdrawal
American Eagle Outfitters’ stock plummeted after the retailer withdrew its full-year outlook, prompting analysts at JPMorgan to lower their price target.
In light of preliminary first-quarter results indicating a revenue decline, analysts adjusted their forecasts downward, resulting in a 7% drop in shares.
Indexes Trending Towards Positive Ground in 2025
The S&P 500 has regained positive territory for the year, with the Dow and Nasdaq not far behind as well-represented stocks propelled gains.
The benchmarks have risen significantly since early April, with both Dow and Nasdaq seeing reductions in their year-to-date declines.
