JUST IN: Wood Bet's BIG on Altman-Backed Nuclear Energy Company

Sam Altman has no doubt risen as the king of AI since OpenAI’s release of ChatGPT back in November 2022. But while the Y-Combinator legend has joined the elite tech-bro table beside Elon Musk, Bill Gates, and Peter Theil…

(Source: Reddit) 

Altman’s generative AI revolution is now facing a bit of a problem. It’s consuming too much energy. 

(Source: Yale) 

Now of course, everyone knows this… it’s like the looming reminder to change your oil when the light keeps popping up in your car. You know it’s there, but you just don’t have the care or the energy to go change your oil (Like me, cause I’m lazy). 

(Source: Giphy) 

Which is why, for the past year, Altman has put a rather large chunk of his net worth in funding Oklo (NASDAQ:OKLO), the california-based nuclear developer. For those just catching wind of this, the project has no doubt been one of the biggest side-talks in the AI space simply because it’s painted a world where AI isn’t just running on electricity…

(Source: Oklo) 

But it’s powered simply by the ever flowing benefits of renewable nuclear energy. However, since going public in May, Oklos goal is no longer a sci-fi dream anymore, it’s a reality. And while the stock itself is down around 52% from its IPO highs…

(Source: CNBC) 

It’s still within the nuclear energy industry that’s gaining as much steam as the viral “itty-bitty titties and a bob” video. This combined with a potential "dip buy" opportunity has institutional investors falling over themselves to get a piece of the action, including our trusty steed of a portfolio manager, Cathie Wood, who just yesterday snapped up a cool 280,149 shares of Oklo for around $2.4 million. 

(Source: Investing.com) 

Now obviously, while we like to throw stones at Cathie’s undeniable skills at eviscerating her investors money (losing $14 billion over the past decade), it’s not hard to see why Oklo is the shiny new opportunity on Wall Street. 

For starters, Oklo is the leader of those sweet, sweet small modular reactors (SMRs) your tree hugging friend keeps talking about. They aren’t the monstrous old-school reactors that take up more space than my dad’s Batman collection or the ones that put Chernobyl on the map. No, these babies are sleek, mini reactors that could fit nicely as a prettied up airbnb in my backyard (not quite but pretty close). 

(Source: Power Magazine) 

But again, despite just looking a lot cleaner than the normal image we all have in our minds when we think of nuclear energy, the real opportunity is how it will continue to fuel our favorite hype train: The AI Boom. Simply put, AI algorithms are about as hungry as my 10 month old son. 

(Source: Tenor) 

They are like bottomless-pits starving for energy. And as it stands, traditional sources just won't cut it. However with companies like Oklo and its SMR’s, these reactors range from 15 to 50 megawatts and are like the power-packed snacks that AI needs to keep crunching data 24/7. 

(Source: WEF)

In fact, Oklo's CEO, Jacob DeWitte, said it best: "We're excited about the diversity of customers... It shows that our size and business model clearly match with what customers are interested in." So not only is the product supply there to solve the problem, but there’s a huge demand for the product itself. Can it get any better than that?

Well it turns out it can. You see, for all you “Dump on Trump” folks out there… sorry boutcha, but Thomas Matthew Crooks just screwed you big time. With the ungodly events that took place last Saturday, Trump’s chances of getting re-elected have just skyrocketed faster than $DJT did yesterday. 

(Source: Yahoo Finance) 

And with his energy independence mantra back in the White House next year, it could be a goldmine for nuclear energy companies. I mean think about it: President who loves American-made energy and a tech visionary like Altman pushing nuclear as the future? It’s like peanut butter meeting jelly. Perfect match.

(Source: MakeAMeme) 

Now with that said, while some investors are putting the cart before the horse on this opportunity, Oklo’s first SMR isn’t set to break ground until 2027. So we won’t be seeing Oklo’s competitive edge disrupting the energy sector until then. But with 50 reactors already on the table waiting to be built… Once they do turn these bad boys on, it’ll be off to the races. 

(Source: Giphy) 

So while this may sound like a sales pitch for Oklo and nuclear energy in general, it’s really not. It’s just a reminder that something big is’a brewin’ and savvy investors definitely need to take note.

Because with AI’s computational demand soaring faster than my blood pressure after Donut Saturday’s with my daughter, combined with Oklo’s innovative tech… you know there’s money up for grabs somewhere. 

(Source: Giphy) 

Plus, with institutional investors jumping onboard and a political climate favoring nuclear energy joining them, the nuclear energy industry as a whole is poised for a serious glow-up. As DeWitte puts it, "All of the magic is just in the nucleus... It feels like it's magic or science fiction but it's real."

So in short, keep an eye on Oklo. It’s not just a nuclear company; it’s the future of energy, ready to power everything from data centers to your never ending Netflix and Chill sessions. And with big names like Altman and Wood backing it, Oklo is definitely one stock to watch. 

Stocks.News holds positions in Netflix as mentioned in the article.