Oklo Inc. shares surged more than 12% on Thursday. The rally followed a U.S. House of Representatives vote on a bill concerning data center power infrastructure.
The proposed legislation requires large data centers to fund their own power generation and grid upgrades. Investors identify this mandate as a primary catalyst for small modular reactor (SMR) developers like Oklo.
Market sentiment suggests the policy will increase demand for dedicated, on-site nuclear power for energy-intensive data centers. While SMR developers saw concentrated gains, the broader uranium and nuclear supply chain experienced more modest growth.