Oklo Vs. X-Energy: Is the New Nuclear IPO the Better Buy?
After its IPO, X-Energy's shares are up nearly 20% so far this month. Will they crush Oklo's?
Overview
Sometimes it's good to be the hot new stock in an industry ripe for disruption. And that's exactly what Oklo (NYSE: OKLO) was when it went public in May 2024 through a SPAC (special purpose acquisition company) merger. The small modular reactor (SMR) company had a compelling plan focused on artificial intelligence (AI), support from AI guru Sam Altman, and an incoming nuclear-friendly presidential administration.
But one problem with being the hot new stock is that you eventually become the not-so-new stock, leaving room for another company to assume that role.
Details
That's exactly what happened in April when X-Energy (NASDAQ: XE) went public. This new SMR company has a compelling AI-focused plan, support from AI hyperscaler Amazon (NASDAQ: AMZN), and a nuclear-friendly presidential administration. Wait a minute... this sounds familiar!
Source
Originally published at www.fool.com.