Oklo closed on Election Day at $23.49

By Thursday it had hit a fresh 52-week low and closed at $19.20

On Friday it ripped almost 23% and finished at $23.55, six cents above where it started

It's been three days of nuclear-grade high-beta price action, with most of the nuclear group looking the same as Oklo.

Wrong trade, wrong target

Wednesday was supposed to be easy. Democrats took the House and Senate, the election hedges came off, and the Dow jumped over 1,500 points.

Reactor names rallied with everything else early, then rolled over. Oklo, NuScale (SMR), and Nano Nuclear (NNE) each closed down 4% to 6%, and Constellation (CEG) lost almost 7%, as traders dumped anything tied to AI power demand.

On Thursday, stocks tied to the AI data center buildout cratered, knocking 5.5% off the Nasdaq, and tech hedge funds wiped out their entire 2026 gain.

Oklo fell another 13% and NuScale 15%.

On Friday, Oklo's earnings and a blowout jobs report flipped the tape again. Centrus (LEU) jumped 17%, NuScale 16%, and Nano 15%.

What spooked the market was data centers, not reactors. As we wrote last week, Democrats spent the year demanding data center moratoriums, and Goldman estimates the states most likely to restrict them hold about 45% of planned U.S. capacity.

Thinking a dead data center means a dead nuclear renaissance implies that a history lesson is needed.

The least partisan energy source in America

The polling data alone could shut down the AI bubble concerns.

In Gallup's latest energy survey, 46% of Americans said the U.S. should put more emphasis on nuclear, the highest Gallup has ever recorded. Nuclear was also the only one of six sources to gain support since 2021, while solar and wind slipped.

More important for a divided government: "The current 10-point partisan gap in views of nuclear power is the narrowest of any energy source in the survey," Gallup wrote. The gap on solar is 49 points. On wind, it's 59.