Oklo stock surged nearly 28% this week following the White House's announcement of the National Initiative for American Space Nuclear Power, which aims to deploy nuclear reactors in orbit and on the Moon by 2030. The pre-revenue modular nuclear reactor specialist is positioned to benefit from this federal government initiative, boosting investor confidence in its technology and business prospects.

Oklo CEO Jacob DeWitte stated that nuclear energy is essential for space exploration, arguing that nuclear power is a proven technology being scaled for missions beyond low Earth orbit. The company plans to deploy its Aurora reactor design for lunar bases, deep-space probes, and surface operations, with a 2028 timeline for nuclear power in space. Oklo is also developing a 1.2-gigawatt nuclear campus in Ohio with Meta and broke ground on its first commercial reactor at Idaho National Laboratory.

The U.S. government announced the National Initiative for American Space Nuclear Power (NSTM-3), a joint NASA-Pentagon strategy to develop nuclear power systems for lunar and interplanetary missions. The initiative aims to deploy a 20-kilowatt space reactor by 2028 and install a functional reactor on the lunar surface by 2030. Oklo and NuScale stocks surged on the news, with Oklo gaining 26% and NuScale advancing 20% in the past week, as both companies are positioned as key players in the small modular reactor segment.

Nuclear stocks Cameco and Oklo are positioned to benefit from surging global demand for nuclear power driven by AI, cloud computing, and data centers. Cameco, the world's second-largest uranium miner, is expanding beyond mining through partnerships with Brookfield and Silex. Oklo is developing innovative microreactors expected to deploy commercially in 2027. The International Atomic Energy Agency projects nuclear capacity to expand 2.6x by 2050.

Oklo Inc., a small modular reactor (SMR) nuclear company, is positioned to benefit from a $10 trillion nuclear energy renaissance driven by AI data center power demands. With shares down nearly 40% since 2026 and a market cap under $9 billion, the author suggests buying before the upcoming quarterly earnings announcement, which could bring positive surprises. The company has existing deals with major tech companies and data center operators, positioning it well for long-term growth despite near-term volatility.

As AI data centers drive massive energy demand, nuclear energy is positioned for a $10 trillion opportunity. Both Oklo and NuScale Power specialize in small modular reactor technology, but Oklo is better positioned for AI data center needs with smaller, targeted systems, while NuScale focuses on larger utility-scale projects.

NuScale Power's May 7, 2026 earnings announcement could be pivotal for the small modular reactor (SMR) company, potentially revealing major data center contracts. The article argues investors should buy before the announcement, citing the company's $3.1B valuation and long-term growth potential driven by AI data center energy demand. However, NuScale has yet to secure major data center deals this year, while competitor Oklo already has booked contracts.

NuScale Power stock has declined over 30% since missing earnings estimates in February due to a $507 million accounting hit. The author suggests buying before the May 7th earnings call, anticipating positive updates on project pipelines (particularly the TVA deal) and data center customer conversions. Key questions remain about converting exploratory NDAs with major tech companies into actual contracts.

Oklo is expected to achieve a critical technological milestone on July 4, 2026, when its first reactor should reach criticality—a self-sustaining nuclear reaction. This proof-of-concept could accelerate regulatory approvals and licensing, supporting the company's goal to bring its first project online by end of 2027. Bank of America identifies a $10 trillion nuclear energy opportunity driven by AI's growing power demands.

NuScale Power is positioned to benefit from a global nuclear renaissance driven by AI's growing electricity demands. With Bank of America estimating a $10 trillion opportunity over 30-35 years and NuScale's market cap at $3.5 billion, the stock has significant upside potential. However, investors should expect a very long holding period with substantial execution uncertainty.

The article identifies Rivian and Oklo as two stocks with significant long-term growth potential driven by AI advancements. Rivian is positioned as an attractive EV play trading at a low valuation (3.2x sales) with heavy AI investment for autonomous driving capabilities. Oklo offers exposure to the growing demand for energy infrastructure through its small modular reactor technology designed to power data centers supporting the AI revolution.

Contrarian investors identify three beaten-down sectors with buying opportunities: financials (American Express, KKR, Apollo Global Management, Blue Owl Capital, Robinhood), healthcare (Molina Healthcare, Oscar Health, Hims Hers Health), and software (Microsoft, Oracle, ServiceNow, Figma). They recommend avoiding energy stocks, which have rallied too far on momentum and FOMO despite potential long-term gains.