Sam Altman-Backed Oklo Stock Gets Price Target Hike From Wedbush On Hopes Of AI Raising Power Demand

Quick Summary:

Wedbush Securities on Friday raised its price target on energy company Oklo Inc.(NYSE:OKLO) to $45 from $26 while maintaining an “outperform” rating citing increased confidence in the AI revolution data center buildout increasing under the new Trump Administration.

Wedbush said in a note on Friday that it believes nuclear energy will ultimately play a key role in powering data centers, given Project Stargate is merely the start of a larger ...

What Happened: Oklo, backed by OpenAI CEO Sam Altman, is developing nuclear fission power plants to provide energy at scale.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Tech Analyst Ratings Benzinga OKLO Wedbush Securities Price Target Project Stargate Sam Altman Analyst Color Artificial intelligence News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-25 @ 07:15:09 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25442884

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