Oklo Inc. (OKLO) shares rose 3.60% to $68.06, gaining momentum despite a Sell rating from Zacks Investment Research and concerns over its pre-revenue status. The stock benefited from a broader rally in the Utilities sector as investors shifted focus toward infrastructure supporting AI development.
- Zacks analysts highlighted a 33.8% monthly decline and "speculative fatigue," noting the company has yet to generate revenue despite its partnership with Meta Platforms.
- The stock's performance was bolstered by a 1.5% rally in the Utilities sector, reflecting a market rotation out of high-valuation AI technology.
- Investors appear to be prioritizing energy assets essential for AI infrastructure, even as analysts remain cautious about commercial timelines.