Oklo Inc. (NYSE:OKLO) shares rose about 8% in after‑hours trading on Tuesday, while X‑Energy Inc. (NASDAQ:XE) climbed roughly 12% after Bloomberg reported that both companies are joining a Trump‑administration program to accelerate nuclear reactor development for artificial‑intelligence data centers. The Reuters ticker data also showed OKLO up 6.31% and XE up 7.22% in regular trading.
The program, valued at $200 million, also includes Microsoft Corp. (NASDAQ:MSFT) and Nvidia Corp. (NASDAQ:NVDA) and is intended to speed the construction of new power plants that can meet the electricity demand of AI infrastructure. A document obtained by Bloomberg indicates that details of the initiative may be disclosed as early as Wednesday at an AI energy summit organized by the U.S. Department of Energy.
According to the same document, several DOE national laboratories and the University of Texas at Austin are slated to contribute $60 million over a three‑year period to the effort. The initiative is framed as a response to rising electricity prices that have accompanied the rapid expansion of data centers required for the AI boom. Companies such as Nvidia and OpenAI have publicly cited energy‑supply constraints as a key barrier to further AI adoption and to maintaining a competitive edge over China.
The article notes that it was generated with the support of artificial intelligence and reviewed by an editor.