Oklo Inc. stock dropped sharply on January 30th, closing down 7.46% to $79.62, as investors reacted to broad market volatility and macro headwinds affecting risk assets.
- The decline coincided with the nomination of Kevin Warsh to lead the Federal Reserve, sparking expectations of higher interest rates for longer.
- The pre-revenue nuclear energy company is highly sensitive to growth stock sentiment due to its high valuation, intensifying the pressure from rate-sensitive equity fears.