Sam Altman-backed Oklo extends surge to fresh record high
** Shares of nuclear fuel recycling firm Oklo Inc OKLO.N jump early Mon 18.9% to $21.68, a fresh record high since its Wall Street listing in May, following last week's pop
** OKLO on Fri finished up ~16%, notching weekly gain of 99%. Stock last up 11.1% at $20.25 on Mon
** Shares closed at $8.45 in their May debut after co, backed by OpenAI CEO Sam Altman, completed SPAC deal
** Nuclear energy firms' shares gained last week in wake of Amazon.com AMZN.O inking three agreements on developing small modular reactors, becoming the latest big tech co to seek new electricity sources for data centers supporting technologies, including artificial intelligence (AI)
** Earlier this year, Amazon purchased a nuclear-powered data center from Talen Energy TLN.O
** OKLO was among top 10 trending tickers on retail investor forum and social media platform Stocktwits on Mon
** Short interest in OKLO was ~11% of public float as of Sept 30, LSEG data shows
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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