Oklo Is Down 86% From Its High. Screaming Bargain or More Downside Ahead?

Oklo (OKLO) has fallen 86% from its peak over roughly the past 12 months, dropping from about $190 a share last October to around $28 as the article is written. The piece argues the decline wasn’t triggered by a single catastrophic failure, but by expectations that were unsustainable: Oklo reached a roughly $30 billion market cap despite not generating revenue from its nuclear power designs and still having no reactor turned on. The valuation narrative shifted as investors reevaluated how long nuclear certification and construction take. The article’s author says the stock could fall further, especially if sentiment toward nuclear worsens, and frames Oklo as potentially suitable only for long-term investors.