Why Nuclear Stock Oklo Has Popped 30% This Week
28 minutes ago
Shares of Oklo (OKLO) soared by double digits for the second day in a row Wednesday after the nuclear technology company announced “a significant step forward” in constructing its first nuclear power plant.
Oklo shares soared as much as 22% in early trading on Wednesday before pulling back to trade up about 15%. The stock has risen more than 30% this week.
Shares jumped nearly 11% yesterday after the company said it had “completed borehole drilling for site characterization work” at a site in Idaho, where it is exploring building its first fast-fission nuclear plant. Oklo, in its first-quarter earnings report released Tuesday, said it aimed to begin operations at the plant by late 2027 or early 2028.
Oklo, which generated no revenue in the quarter, reported an operating loss of $17.9 million, a 142% increase year over year. About $4 million in investment income and a $4 million income tax benefit helped narrow the company’s net loss to $9.8 million from $24 million a year ago.
Demand for nuclear energy is soaring as tech giants bring online data centers that demand massive amounts of electricity to train and run artificial intelligence. Leading AI and cloud providers such as Microsoft (MSFT), Amazon (AMZN), and Meta (META) have committed to investing in nuclear energy as they seek low-carbon, efficient power sources.
Nuclear power providers like Oklo, Constellation Energy Group (CEG), Vistra (VST), and NuScale Power (SMR) have been among the biggest winners in Wall Street’s AI craze. Shares of Constellation and Vistra have risen 31% and 68%, respectively, in the last 12 months. Oklo and NuScale, two smaller players, have seen their stocks triple in value over that period.
UnitedHealth Stabilizes After Yesterday’s Sell-Off
1 hr 26 min ago
Shares of UnitedHealth Group (UNH) rebounded modestly after plunging 18% Tuesday as the health insurance provider withdrew its guidance because of rising costs and CEO Andrew Witty stepped down.
The shares were likely getting a boost from supportive comments from several analysts who didn’t change their ratings on the stock, although they did lower their price targets.
UBS kept its “buy” rating, saying that it continues “to believe the assets and identification of issues will ultimately lead to a return to growth, albeit on a longer timeline than anticipated.” UBS dropped its price target to $400 from $525.
Oppenheimer analysts retained their “outperform” rating, writing that “we do believe the timing of these issues should allow for margin recapture in 2026. With a long and successful track record, we expect UNH to get back on track,” adding they would be long-term buyers. Oppenheimer’s price target also is $400, down from $600.
Morgan Stanley analysts stuck with their “overweight” rating, arguing that after talking with UnitedHealth executives, “we feel somewhat more confident that the guidance pull is predominantly driven by incremental cost pressure in the [Medicare Advantage] book which accelerated in April, as opposed to potentially longer term or more structural issues across OptumHealth.” The analysts also believe that Witty’s replacement, former CEO Stephen Hemsley, “is the most appropriate person to step in as CEO at this juncture in light of the recent setbacks.” Morgan Stanley set the new price target at $374 from $563.
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UnitedHealth shares were up 0.5% at around $313 in recent trading, after tumbling to their lowest level in four years yesterday. The stock, a Dow component, is down about 38% so far in 2025.
AMD Shares Jump on News of New $6 Billion Buyback Plan
2 hr 19 min ago
Advanced Micro Devices (AMD) shares jumped Wednesday, as the chip designer said its board approved a fresh $6 billion share repurchase plan, boosting its buyback program to $10 billion.
“Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” AMD CEO Lisa Su said.
Nathan Howard / Bloomberg / Getty Images
The stock was up over 5% in recent trading, extending Tuesday’s gains after the company announced a partnership with Saudi Arabian AI startup Humain. AMD was top-performing stock in the the Nasdaq Composite around midday.
AMD and rival Nvidia (NVDA) on Tuesday said they would supply semiconductors to Saudi Arabian AI startup Humain, as part of initiatives announced as President Donald Trump kicked off a four-day trip to the Middle East. Shares of Nvidia were also higher Wednesday, as several AI stocks gained amid expectations the partnerships could lead to more deals.
As part of AMD’s partnership with Humain, the companies said they plan to invest up to $10 billion over the next five years to build out AI computing centers “stretching from the Kingdom of Saudi Arabia to the United States.”
With this week’s gains, AMD shares are close to recovering their year-to-date losses, but they’ve still lost more than one-fifth of their value over the past 12 months.
Supermicro Soars, Adding to Yesterday’s Huge Gains
2 hr 54 min ago
Super Micro Computer (SMCI) shares soared Wednesday, extending gains as AI stocks rallied on the heels of new Saudi partnerships announced as President Trump kicked off a four-day trip to the Middle East.
Shares of Supermicro were up 19% in recent trading, after rising 16% Tuesday. The stock has now gained about 50% since the start of 2025.
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Wednesday’s jump comes after Supermicro late Tuesday announced a $20 billion deal with Saudi Arabian data center company DataVolt. Supermicro partners Nvidia (NVDA) and Advanced Micro Devices (AMD) also saw their shares rise after announcing deals Tuesday with Humain, an AI subsidiary of Saudi Arabia’s sovereign wealth fund.
Raymond James analysts initiated coverage of Supermicro earlier this week with an “outperform” rating, called Supermicro a “market leader in AI-optimized infrastructure,” in a note to clients. The company has 9% of the $145 billion AI platform market, which could climb, the analysts said.
Supermicro shares have been volatile over the past year, amid concerns about its accounting practices and downward forecast revisions. In February, the company narrowly avoided being delisted for delinquent financial filings.
American Eagle Sinks as Retailer Pulls Outlook
4 hr 19 min ago
American Eagle Outfitters (AEO) stock tumbled early Wednesday, a day after the clothing retailer pulled its full-year outlook and JPMorgan analysts responded by lowering their price target.
The analysts kept their “neutral” rating, but lowered their price target to $9 from $10. The rating is in line with most other analysts tracked by Visible Alpha, but the price target is now further below the $14.83 average.
American Eagle shares were down 7% at $11.80 in recent trading.
In preliminary results released after the bell Tuesday, the company said first-quarter revenue is expected to be down 5% year-over-year, while comparable store sales are seen down 3%. The retailer also withdrew its full-year forecasts “due to macro uncertainty and as management reviews forward plans in the context of first quarter results.”
JPMorgan analysts cut their revenue and margin estimates in response, as they said that American Eagle’s sales were in line with the company’s previous forecasts, but noted that there were some unexpected weak spots, like soft apparel such as fleece from the company’s Aerie brand.
The cost to make fleece products rose in the quarter, and executives said an expected increase in average unit retail from the category “ultimately did not come to fruition as consumers showed resistance on price,” the analysts wrote.
Dow, Nasdaq Composite Almost Back to Positive for 2025
4 hr 44 min ago
The S&P 500 on Tuesday moved back into positive territory for 2025. The Dow Jones Industrial Average and Nasdaq Composite aren’t far behind.
Coming into today’s session, the S&P 500 was up 0.1% since the start of the year. The benchmark index had gained 22% from its early-April low.
The Dow had narrowed its year-to-date decline to 1% through Tuesday’s close, while the Nasdaq was down 1.6% since the start of the year. The Dow has risen 15% since hitting its low early last month, while the Nasdaq has soared 29% since its low.
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Nvidia Levels to Watch as Stock Continues Surging
5 hr 29 min ago
Nvidia (NVDA) shares were gaining ground this morning after the AI favorite returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company.
Nvidia shares lost more than 40% of their value between February and April amid concerns that moderating AI spending and the Trump administration’s trade policies could weigh on the company’s sales. However, through yesterday’s close, the stock had rallied 50% from last month’s low.
Nvidia shares were up nearly 3% at around $134 in recent premarket trading.
Nvidia shares have trended sharply higher after breaking out from a falling wedge pattern last month, with the price staging a decisive close above the 200-day moving average in Tuesday’s trading session. It’s also worth pointing out that yesterday’s move occurred on the highest volume in several weeks, signaling increased interest in the chipmaker’s stock
While the relative strength index confirms bullish momentum with a reading just below the 70 threshold, the indicator also cautions nearing overbought conditions, which could lead to short-term profit-taking.
Investors should watch crucial overhead areas on Nvidia’s chart around $130 and $150, while also monitoring important support levels near $115 and $96. While the stock is indicated to open above that first overhead level, it may provide resistance near a horizontal line that links a series of peaks and troughs on the chart stretching back to last August.
Read the full technical analysis piece here.
Major Index Futures Up Slightly
6 hr 10 min ago
Futures tied to the Dow Jones Industrial Average were up 0.1%.
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S&P 500 futures rose 0.3%.
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Nasdaq 100 futures added 0.4%.
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