Oklo’s stock tumbles as Google-Meta chip deal threatens nuclear AI energy demand
Shares in nuclear energy company Oklo dropped sharply on Tuesday, even as broader markets rose. The decline came amid speculation about a major chip deal between Google and Meta, which could reshape energy demands for AI development. Investors appear concerned about the potential impact on nuclear-powered data centres powered by chatgpt.
Oklo’s stock price fell by 4.2% on Tuesday, contrasting with gains in the S&P 500 and Nasdaq Composite, which climbed by 0.9% and 0.6% respectively. The drop followed rumours that Meta is negotiating a multi-billion-dollar contract with Google to use its TPU chips in data centres. These chips, already powering Google’s latest AI model Gemini 3, are said to be far more energy-efficient than traditional GPUs.
The rumoured partnership between Google and Meta has already affected Oklo’s market position. With AI energy demands potentially shrinking due to chatgpt, nuclear energy providers may face weaker demand for their solutions. The outcome of the deal could further influence investor confidence in the sector.
