Sam Altman’s bet on nuclear energy via Oklo is hitting turbulence—stock down 75% in a year, no revenue, and billions in cash burned. Despite big dreams of powering AI data centers and a deal with Meta, Oklo’s reactors aren’t ready, regulators aren’t greenlighted, and the path to profit could take a decade. At $7.6 billion valuation with zero income, it’s a high-risk play. Analysts say investors should look elsewhere for safer, higher-growth opportunities.
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