Oklo and Vistra Shares Surge as Meta Turns to Nuclear Power for AI
Power inverters outside the battery building at a Vistra Corp. energy storage facility in Moss Landing, California.
Photographer: David Paul Morris/BloombergOklo Inc. and Vistra Corp. shares rallied, leading peers higher, after Meta Platforms Inc. agreed to a purchase nuclear power from the companies to run artificial-intelligence data centers.
Oklo shares gained as much as 19%, while Vistra shares rose as much as 16%. Peers NuScale Power Corp. also rose on the news as did uranium producers like Centrus Energy Corp. and Cameco Corp.