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The two are actually closely connected. As the AI revolution gathers pace, the industry is expected to require roughly a tenfold increase in computing power by 2030, creating a tremendous need for electricity. Given that backdrop, Wedbush’s Daniel Ives, who ranks among the top 3% of Wall Street analysts, believes nuclear startup Oklo (NYSE:OKLO) could become a “long-term winner.”
“Oklo continues to stand out within the rapidly developing nuclear industry from competition with its attractive build, own, and operate business model, which in turn will provide long-term recurring revenues and a more streamlined regulatory process,” the 5-star analyst said.
Ives’ comments come in the wake of Oklo being selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program, alongside four other advanced nuclear companies.
The program is designed to convert surplus plutonium into fuel for advanced reactors under strict security and safeguards, effectively turning long-term material management into a domestic energy source through electricity generation via fission. Oklo is partnering with Newcleo, with Oklo leading surplus plutonium utilization and Newcleo contributing fuel expertise and potential project capital.
