OKLO Stock In Spotlight After Nvidia Deal – Why Does HSBC See A 23% Upside?

• Initial work will focus on AI models for nuclear fuel research, materials development, and power generation and grid stability studies, Oklo said.
• HSBC initiated coverage of Oklo with a ‘Buy’ rating and a $96 price target, according to The Fly.
• The firm said Oklo’s strong balance sheet and the prospect of near-term revenue create an attractive risk-reward profile at current levels.

Shares of Oklo Inc. (OKLO) gained 6% in morning trade on Thursday after partnering with Nvidia Corp. (NVDA) and Los Alamos National Laboratory to support the deployment of nuclear power for AI infrastructure, as companies increasingly look to shoulder the costs of powering data centers.

The collaboration will combine Oklo’s reactor technology, Nvidia AI systems, and Los Alamos National Laboratory’s expertise in nuclear fuels and materials science.

Focus On AI Models For Nuclear Fuel Research

The goal is to support critical infrastructure and speed up the deployment of nuclear power for AI data centers. Initial work will focus on AI models for nuclear fuel research, materials development, and power generation and grid stability studies.

The partnership will also explore the development of nuclear-powered AI facilities and integrated solutions, Oklo said.

“We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission,” said Oklo co-founder and CEO Jacob DeWitte.

Meanwhile, retail sentiment for OKLO on Stocktwits turned ‘extremely bullish’ from ‘bullish,’ amid ‘extremely high’ message volumes.

Oklo’s Nuclear Power Push

The company is developing advanced fast-fission power plants to deliver scalable, low-cost, and clean energy. Alongside this, Oklo is working to build a domestic supply chain for critical isotopes and advance nuclear fuel recycling, which converts used fuel into electricity.

Earlier this year, the company signed an agreement with Meta Platforms (META) to proceed with a 1.2-gigawatt clean-energy campus in Pike County, Ohio, designed to support Meta’s regional data center operations.

Last week, Oklo added four new directors to its board, bringing expertise across the nuclear, energy, industrial, and infrastructure sectors.

HSBC Sees Favorable Risk-Reward Profile

HSBC initiated coverage of Oklo with a ‘Buy’ rating and a $96 price target, according to The Fly. This represents a 23% upside from current levels.

The firm highlighted Oklo’s push to integrate power, fuel, and isotope production under its “owner-operator” model for small modular reactors. HSBC said Oklo’s strong balance sheet and the prospect of near-term revenue create an attractive risk-reward profile at current levels.

The stock has gained around 1% so far in 2026.

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