RESOLVING THE LEDGER
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Some stocks need years to ripen into their best form. Others explode out of the gate and never look back. Somehow, Oklo (NYSE: OKLO) has been both.
Oklo went public via a special purpose acquisition company merger (SPAC) in May 2024. It debuted on the market with a share price of about $15.50. If you had invested $10,000 in Oklo, then (at $15.50 a share), you would have lost half your investment by the end of its first day on the market. Share prices collapsed to about $8.45. So much for Sam Altman's nuclear moonshot.
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