10 Firms Stand Strong Amid Market Decline

4. Oklo Inc. (OKLO)

Shares of nuclear power firm Oklo Inc. (OKLO) increased by 3.82 percent anew on Monday to finish the day at $23.65 apiece as investors resorted to bargain hunting following a 5.24-percent decline on Friday.

Just recently, the company signed a non-binding agreement to provide power to Las Vegas-based data center operator Switch. Under the agreement, Oklo will develop nuclear reactors called Aurora Powerhouse for Switch, with a total capacity of 12 gigawatts through 2044.

Prospects for nuclear powers were also warmly welcomed by investors, especially as various US utilities have now been signing deals with huge companies such as Microsoft and Amazon to power their data centers with electricity generated from nuclear plants.