Oklo Inc (NYSE:OKLO) and X-Energy Inc (NASDAQ:XE) shares are moving higher in Tuesday's after-hours session following reports that the companies are joining a government program that aims to increase the pace of power plant development for AI data centers.
Oklo stock is charging ahead with explosive momentum.
What's driving OKLO stock higher?
Oklo, X-Energy To Join Power Plant Program Oklo and X-Energy will join Microsoft and Nvidia in a Trump administration-led effort to accelerate the construction of new power plants for AI data centers, according to a Bloomberg report citing a document reviewed by Bloomberg News.
The $200 million program reportedly aims to address mounting concern that the data center buildout fueling the AI boom has pushed up electricity prices across the country.
