Oklo Inc. shares fall 6.46% intraday despite selection for U.S. Department of Energy's reactor pilot projects.

Oklo Inc. declined 6.46% intraday, despite being selected for three projects under the U.S. Department of Energy's Reactor Pilot Program. The program aims to demonstrate criticality in at least three test reactors by July 4, 2026, and is expected to accelerate deployment timelines while providing operational insights that can support long-term commercial licensing and readiness. Additionally, Equinix, a leading digital infrastructure company, has entered into multiple advanced nuclear deals to power data centers, which could be seen as a positive development for Oklo Inc.