OKLO vs SMR: AI Stock Comparison

• “If the market for technologies using artificial intelligence does not grow at the rate some parties expect, our customers or prospective customers may reduce their projected needs for power…” — 10-K risk factor (filed 2026-03-17) · source
• “We are an early‑stage company with a history of financial losses (i.e., negative cash flows), and we expect to incur significant expenses and continuing financial losses at least until our…” — 10-K risk factor (filed 2026-03-17) · source

• “Loss of government incentives to use nuclear power may have an adverse impact on the market for SMRs.” — 10-K risk factor (filed 2026-02-26) · source
• “We have incurred significant losses since inception, we expect to incur losses in the future, and we may not be able to achieve or maintain profitability.” — 10-K risk factor (filed 2026-02-26) · source

Oklo is developing small fast reactors and pitches them as future power for data centers. It reports no revenue yet; its 10-K warns slower AI growth could reduce customers' projected power needs.

NuScale designs small modular reactors marketed for utilities and large power users such as data centers. Revenue is minimal while it seeks its first commercial deployments.