Artificial intelligence (AI) stocks have lately felt as up and down as waves in a wave pool. If you've been to a water park, you know what I'm talking about: One minute the siren is going off, a big wave comes, and everyone enthusiastically shrieks, whoops, or yelps with nervous laughter. The wave crashes, and there's a calm before the next one comes. Oklo (NYSE: OKLO), a developer of small nuclear reactors and a future power supplier for AI data centers, is one of these wavelike stocks. Sept. 8's quick rally exemplified it: The nuclear energy stock jumped about 5%, without any announcement or fresh news from the company. It was riding a wave of optimism, it seemed, which also lifted its competitor NuScale Power (NYSE: SMR) over 15%.
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