10 Firms Mirror Wall Street Slump on Thursday

6. Oklo Inc. (NYSE:OKLO)

Oklo shares fell for a third consecutive day on Thursday, slashing 9.67 percent to end at $23.82 apiece as investors sold off positions amid the pessimistic market environment, shunning fresh developments in the company’s operations.

In a statement, OKLO said it successfully raised the potential capacity of its Aurora Powerhouse reactor to 75 megawatts from 50 MW to meet the continued growth in demand from data centers.

According to the company, the higher capacity was a “customer-informed design decision” based on “where we see … the data center architectures progressing.”

In its latest earnings results, OKLO said net loss widened by 129 percent to $73.6 million last year from $32.17 million in 2023, amid a 183-percent jump in operating losses to $52.8 million from $18.6 million year-on-year.

Despite the performance, OKLO said it was optimistic about its business outlook for the year.