Wedbush Securities initiated coverage on Thursday of Oklo — the nuclear power startup backed by OpenAI head Sam Altman — with an outperform rating. The new rating comes a day after the company announced an agreement to provide as much as 12 gigawatts of energy to Switch, an AI provider and data center operator. Wedbush Securities analyst Dan Ives on Thursday handed Oklo stock a price target of 26 along with the outperform rating, with data center demand looming large as part of the company's potential "growth story." Read More...
Wedbush Securities initiated coverage on Thursday of Oklo — the nuclear power startup backed by OpenAI head Sam Altman — with an outperform rating. The new rating comes a day after the company announced an agreement to provide as much as 12 gigawatts of energy to Switch, an AI provider and data center operator. Wedbush Securities analyst Dan Ives on Thursday handed Oklo stock a price target of 26 along with the outperform rating, with data center demand looming large as part of the company’s potential “growth story.”
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